Iran’s Revolutionary Guards seized two vessels and directed them to Iranian territorial waters. The regime fall by April 30 market sits at 0.5% YES, down from 1% yesterday.
The IRGC’s seizure demonstrates continued operational capacity in the Persian Gulf, consistent with a regime that retains control over its security apparatus. The April 30 market is at 0.5% YES, while the June 30 market is at 8.5%, up from 6% yesterday. The 8-point spread between April and June shows traders pricing in more potential for change over the longer window, with June 30 still 70 days away.
Combined actual USDC traded across both markets is $33,064. The April sub-market has a thinner order book, requiring $23,169 to move the price 5 points. The IRGC action reinforces the status quo, and traders are adjusting positions accordingly.
The seizure shows the IRGC operating normally, not an institution under internal stress. At a price of 0.5¢, a YES share on the April 30 market pays $1 if the regime falls, a 200x return. That bet requires believing in a near-term collapse, which looks increasingly unlikely without a specific internal or external catalyst.
Watch for changes in Khamenei’s public visibility, IRGC leadership reshuffles, or unexpected moves by the Assembly of Experts. These are the indicators that would actually shift the probability of regime change.
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Will The Iranian Regime Fall April 30| Contract | Odds | Δ since publish | Volume 24h | |
|---|---|---|---|---|
| April 30 | 0.5% | — | — | Trade → |
| Contract | Odds | Δ since publish | Volume 24h | |
|---|---|---|---|---|
| June 30 | 8.5% | — | — | Trade → |
