Ali Khamenei out as Supreme Leader?

If Ali Khamenei leaves office before September 1, 2026, then the market resolves to Yes.

An announcement that the Ali Khamenei will leave the office within the next year is also encompassed by the Payout Criterion. If Ali Khamenei leaves solely because they have died, the associated market will resolve and the Exchange will determine the payouts to the holders of long and short positions based upon the last traded price (prior to the death). If a last traded price is not available or is not logically consistent, or if the Exchange determines at its sole discretion that the last traded prices prior to death do not represent a fair settlement value, the Outcome Review Committee will be responsible for making a binding determination of fair allocation.

Outcome verified from ABC, Axios, CBS, CNN, Fox News, MSNBC, Politico, Reuters, Semafor, the Associated Press, The Information, The New York Times, The Wall Street Journal and The Washington Post.