Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Is Kalshi Legal in California) Pick polygram.ink (preferred broker) |
80% | 20% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Go to the live market → |
Polymarket (direct) polymarket.com |
80% | 20% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | Go to the live market → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | Go to the live market → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | Go to the live market → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | Go to the live market → |
Outcome probabilities
Current market-implied probability for each outcome, from the live order book.
| Outcome | Probability |
|---|---|
| Nicolás Maduro | 80% |
| Delcy Rodríguez | 12% |
| María Corina Machado | 4% |
| Jorge Rodríguez | 1% |
| No Head of State | 1% |
| Edmundo González | 1% |
| Diosdado Cabello Rondón | 0% |
| Dinorah Figuera | 0% |
| Vladimir Padrino López | 0% |
| Evan Pettus | 0% |
| Dan Caine | 0% |
| Leader 2 | 0% |
| Leader 4 | 0% |
| Leader 6 | 0% |
| Leader 8 | 0% |
| Leader 10 | 0% |
| Leader 12 | 0% |
| Leader 14 | 0% |
| Leader 16 | 0% |
| Leader 18 | 0% |
| Leader 20 | 0% |
| Leader 22 | 0% |
| Leader 24 | 0% |
| Leader 26 | 0% |
| Leader 28 | 0% |
| Leader 30 | 0% |
| Leader 32 | 0% |
| Leader 34 | 0% |
| Leader 36 | 0% |
| Leader 38 | 0% |
| Leader 40 | 0% |
| Donald Trump | 0% |
| Marco Rubio | 0% |
| Pete Hegseth | 0% |
| Frank Donovan | 0% |
| Richard Grenell | 0% |
| Leader 1 | 0% |
| Leader 3 | 0% |
| Leader 5 | 0% |
| Leader 7 | 0% |
| Leader 9 | 0% |
| Leader 11 | 0% |
| Leader 13 | 0% |
| Leader 15 | 0% |
| Leader 17 | 0% |
| Leader 19 | 0% |
| Leader 21 | 0% |
| Leader 23 | 0% |
| Leader 25 | 0% |
| Leader 27 | 0% |
| Leader 29 | 0% |
| Leader 31 | 0% |
| Leader 33 | 0% |
| Leader 35 | 0% |
| Leader 37 | 0% |
| Leader 39 | 0% |
| Other | 0% |
Market context
The real-world event driving this market is the formal succession of Delcy Rodríguez as Venezuela’s head of state following the US capture of Nicolás Maduro in January 2026. Rodríguez was sworn in as acting president on 5 January 2026 after Venezuela’s Supreme Tribunal of Justice ordered her interim presidency due to Maduro’s absence, with military backing confirming her authority[1][2]. The market resolves to whoever officially holds the position on 31 December 2026, with the UN as the fallback if the government remains unclear[2].
Historically, leadership transitions in Latin America during external interventions often stabilise within months, yet Rodríguez’s position remains precarious as she balances loyalty to Maduro’s supporters with US expectations[3]. Comparable cases, such as Haiti’s post-intervention governments, show that interim leaders frequently face removal or consolidation within two years, making the current 4% YES probability for a change plausible but not definitive[2]. The 4% reflects uncertainty over whether Rodríguez will retain power or be replaced by a new figure aligned with US or domestic factions.
Traders should monitor Rodríguez’s upcoming amnesty bill implementation, scheduled for full review by February 2027, and any US presidential statements on Venezuela’s protectorate status, as these could signal shifts in her tenure[2][6]. Recent reports note Rodríguez’s defiance of US orders, which may provoke further intervention or internal backlash[3]. Key dependencies include the National Assembly’s stance on her authority and potential US court rulings on Maduro’s *de jure* status, which could challenge Rodríguez’s legitimacy[4]. For accessibility, German GlüStV regulations permit “no-KYC” trading up to €1,500, while US CFTC reach extends to all prediction markets, meaning traders must comply with KYC beyond that threshold regardless of jurisdiction.
Methodology
This overview of Venezuela leader end of 2026? reviews the four comparable platforms from a regulatory perspective: which is accessible in your jurisdiction, where KYC kicks in, how the platform is classified by your country of residence. Live probability is the Polymarket mid; comparison columns show regulatory status, KYC thresholds and settlement options for each platform.
Resolution & payout
On Polymarket, resolution runs on-chain via UMA Optimistic Oracle. USDC payout is instant and automatic, with no KYC. Tax treatment depends on your jurisdiction — in the US, gains are usually ordinary income; in the UK, often capital gains. Consult a tax professional for your situation.
FAQ
- Is Polymarket legal in my country?
- Polymarket is geo-blocked in the US/UK/EU. Actual usage via the Polymarket interface is not possible there. The legal status itself varies — many countries treat prediction markets as a gray area. Is Kalshi Legal in California has a different geo footprint.
- How are winnings taxed?
- Tax treatment varies by jurisdiction. In most countries, prediction market gains are treated as ordinary income or capital gains. We cannot provide tax advice — consult a tax professional for your specific situation.
- Are prediction markets gambling?
- Legally unclear in most jurisdictions. Some interpretations classify them as wagering (gambling regulation applies), others as derivatives (financial regulation applies). There's no global precedent specifically for on-chain prediction markets.
- Is there a withdrawal cap?
- No platform-side cap. You can withdraw any amount provided KYC is complete. SEPA bank withdrawals over €15,000 trigger additional anti-money-laundering checks (statutory obligation for all platforms).
- What if regulation changes?
- If regulation changes in your jurisdiction (e.g. prediction markets are banned), Is Kalshi Legal in California would geo-block the affected region and continue processing withdrawals. Your funds remain withdrawable at any time.
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