Iran’s economy is deteriorating sharply after the March war, with inflation and currency drops raising regime crisis risk. The odds of the Iranian regime falling by June 30 sit at 7.5% YES, down from 8% yesterday.

The economic downturn has traders watching for political instability in Iran. Reza Pahlavi’s entry into Iran by June 30 is at 6.5% YES, up from 6% a day ago, suggesting traders read economic pressure as feeding opposition momentum. The December 31 contract shows 13.5% YES, pointing to higher longer-term expectations for Pahlavi’s return.

Trading volume in these markets is moderate. The regime fall market trades $35,587 in actual USDC daily, while Pahlavi’s entry markets see $736 for June 30 and $3,347 for December 31. It takes $16,830 to move the regime fall odds five points, compared to just $7,632 for the same move on Pahlavi’s June contract. The thicker order book on regime fall suggests more conviction there than on the Pahlavi entry question.

At 6.5¢, a YES share for Pahlavi entering Iran by June 30 pays $1, a 15.4x return. That payout requires belief in rapid opposition gains driven by economic collapse. Historical odds put this firmly in speculative territory, dependent on fast-moving economic-to-political transmission.

Watch for economic policy shifts or regime responses to the crisis. Mass protests, IRGC infighting, or leadership defections would be the clearest signals of rising instability.

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