Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Who Will Win) Pick polygram.ink (preferred broker) |
95% | 5% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Live odds → |
Polymarket (direct) polymarket.com |
95% | 5% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | Live odds → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | Live odds → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | Live odds → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | Live odds → |
Outcome probabilities
Current market-implied probability for each outcome, from the live order book.
| Outcome | Probability |
|---|---|
| 33°C | 95% |
| 34°C | 5% |
| 35°C | 1% |
| 27°C or below | 0% |
| 28°C | 0% |
| 29°C | 0% |
| 30°C | 0% |
| 31°C | 0% |
| 32°C | 0% |
| 36°C | 0% |
| 37°C or higher | 0% |
Market context
Shanghai’s airport temperature for 6 August is pricing as a **full underdog** at a **0% implied YES probability**, which leaves the market effectively saying the day will not land in the relevant temperature band. The consensus backdrop is still hot: AccuWeather has Shanghai’s August highs mostly in the upper 80s to low 90s Fahrenheit, while TravelChinaGuide pegs average August highs around 32°C, or about 90°F[1][3]. That matters because the airport station’s maximum is usually driven by the same late-summer subtropical pattern, so the favourite remains the hotter temperature buckets rather than a cool surprise.
Historically, Shanghai in August is a heat-and-humidity regime rather than a coin flip on extremes, and that makes the value question less about whether it gets warm and more about whether cloud, rain or a typhoon flank knocks the day’s peak down a notch. Forecast services for early August show sunny to very warm conditions, with one model calling 6 August around 35°C/26°C and another putting the day near 34°C with a 36°C feel-like reading and only low precipitation chances[2][10][13]. The contrarian angle is that airport readings can underperform city-centre expectations when sea breeze, convection or showers cap the maximum, so the market’s 0% YES looks aggressive if the listed band is not aligned with the broader forecast cluster.
The key catalyst is the actual daytime evolution at Shanghai Pudong Airport: cloud build-up, rain bands and any late-morning sea-breeze cooling can all suppress the high before the settlement window closes at 12:00 UTC, which is 20:00 local time. Traders should also watch for any tropical-system chatter in the East China Sea, because Shanghai’s August weather is seasonal-typhoon sensitive even when the short-range forecast starts hot[12]. With the crowd already near zero, the value question sits on the *over* side if the resolution band is centred on typical August heat, but the contrarian case is a lower ceiling if showers arrive early and hold.
Methodology
Methodologically we separate two layers: the live probability (Polymarket mid-price) and the platform attributes (fee, KYC, settlement currency, payment rails). That keeps the comparison honest — a single canonical probability across the row, with the venue-by-venue trade-offs spelt out in the columns next to it.
Resolution & payout
At resolution the UMA oracle takes over: a proposer posts the outcome with a bond, any token holder can dispute within two hours. Without dispute the result is accepted and the smart contract distributes USDC instantly.
On Kalshi (CFTC-regulated) resolution runs through their in-house clearing engine in USD. Betfair Exchange settles after match end in the account's local currency. Manifold pays no cash — only its in-platform "mana" currency.
UK Frequently Asked Questions
- Is this market available outside the US?
- Polymarket itself is geo-blocked in the US/UK/EU. Always check the legal status of prediction markets in your jurisdiction before trading.
- How does resolution work?
- Through the UMA Optimistic Oracle on Polygon: a proposer submits the outcome, a two-hour challenge window opens, and USDC payouts settle automatically once the result is final.
- Is Polymarket legal in the UK?
- Polymarket is accessible to UK traders but is not UKGC-licensed. It operates under US CFTC jurisdiction. UK residents face no domestic legal prohibition on using it, but UKGC consumer protections do not apply. For UKGC-regulated alternatives, Betfair Exchange and Smarkets offer similar prediction-style markets.
- Do I pay tax on prediction market profits in the UK?
- UKGC-licensed platform profits (Betfair, Smarkets) are typically tax-free gambling winnings for UK individuals. Polymarket profits involve USDC crypto transactions, which HMRC treats as Capital Gains Tax events. Keep full transaction records and report via Self Assessment if gains exceed £3,000 per tax year.
- How do I deposit on Polymarket from the UK?
- UK traders typically fund Polymarket via Coinbase UK, Kraken or Revolut — buying USDC with GBP and transferring to a Polygon-compatible wallet (MetaMask, Coinbase Wallet). Polymarket's onboarding walks you through the bridging process. Typical GBP-to-USDC conversion costs 0.5–1%.
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