Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Who Will Win) Pick polygram.ink (preferred broker) |
97% | 3% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Live odds → |
Polymarket (direct) polymarket.com |
97% | 3% | 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 |
|---|---|
| 30°C | 97% |
| 29°C | 4% |
| 24°C or below | 0% |
| 25°C | 0% |
| 26°C | 0% |
| 27°C | 0% |
| 28°C | 0% |
| 31°C | 0% |
| 32°C | 0% |
| 33°C | 0% |
| 34°C or higher | 0% |
Market context
Hong Kong’s overnight low on 10 August is the key number here, and the market’s **0% YES** implies the crowd is treating a very specific outcome as essentially impossible. For context, Hong Kong’s August climate normals put the mean minimum around **26.3°C to 27.0°C**, which means the settlement band is usually far above anything that would make a sub-20s reading likely[3]. That leaves the favourite with the “normal warm night” side of the book, while the underdog is any unusually cool dip driven by heavy rain, stronger winds, or an odd synoptic shift.
The comparable recent weather picture does not obviously support a shock lower print. Historical summaries for the past two weeks show lows mostly in the mid-to-high 20s Celsius, with the lowest recent reading at **76°F** on 31 July and the latest forecast products pointing to hot, humid conditions rather than a cool break[2][4][12]. August climatology is also stubbornly warm: even in wetter years, Hong Kong’s monthly mean minimum has tended to sit around the upper-20s, not near the lower ranges that would matter for a contrarian YES case[9][11]. On that framing, the consensus looks rationally anchored to the warmer temperature bands, with only a small tail for an outlier cool morning.
The main catalyst is the Hong Kong Observatory’s final “Daily Extract”, because the market cannot resolve until the **Absolute Daily Min (deg. C)** for 10 August is published on the climate pages[1]. Traders should watch whether the Observatory posts the extract on schedule and whether any late-day showers, cloud cover, or easterly flow trim the overnight minimum; the day-ahead forecast also points to **partly cloudy and very warm** conditions, which leans against a surprise low[12]. The value spot, if any, is usually in the smallest adjacent temperature band that still reflects a plausible one-decimal read, rather than betting on a true cold outlier.
Methodology
We track Lowest temperature in Hong Kong on August 10? across the five venues with material prediction-market liquidity. The probability shown is the live Polymarket mid; the comparison rows summarise how each venue treats the underlying contract — fees, KYC thresholds, settlement currency, deposit options. The highlighted row marks the cheapest route into Polymarket's order book.
Resolution & payout
Polymarket-based markets settle through the UMA Optimistic Oracle on Polygon. A proposer submits the outcome, a two-hour challenge window opens, and unchallenged proposals finalise the resolution. Payouts settle automatically in USDC the moment the result is final — no bookmaker, no delay.
Kalshi-based markets settle in USD via the CFTC-regulated clearinghouse. Betfair Exchange settles in GBP/EUR net of commission. Manifold is play-money and does not pay out real funds.
UK Frequently Asked Questions
- Where can I trade this market with the lowest fees?
- Polymarket is geo-blocked in the US/UK/EU. The easiest 0%-fee broker into the same order book is Who Will Win. Kalshi charges up to 7% per trade; Betfair Exchange takes 2-5% commission on net winnings.
- 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.
- 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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