Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via BTC Prediction) Pick polygram.ink (preferred broker) |
59% | 41% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Open live market → |
Polymarket (direct) polymarket.com |
59% | 41% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | Open live market → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | Open live market → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | Open live market → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | Open live market → |
Outcome probabilities
Current market-implied probability for each outcome, from the live order book.
| Outcome | Probability |
|---|---|
| July 9 | 59% |
| July 14 | 15% |
| July 8 | 6% |
| July 7 | 5% |
| July 10 | 5% |
| July 28 | 4% |
| July 16 | 3% |
| July 23 | 3% |
| Not released before August | 2% |
| July 11 | 1% |
| July 12 | 1% |
| July 13 | 1% |
| July 15 | 1% |
| July 19 | 1% |
| July 20 | 1% |
| July 22 | 1% |
| July 24 | 1% |
| June 24 or earlier | 0% |
| June 25 | 0% |
| June 26 | 0% |
| June 27 | 0% |
| June 28 | 0% |
| June 29 | 0% |
| June 30 | 0% |
| July 1 | 0% |
| July 2 | 0% |
| July 3 | 0% |
| July 4 | 0% |
| July 5 | 0% |
| July 6 | 0% |
| July 17 | 0% |
| July 18 | 0% |
| July 21 | 0% |
| July 25 | 0% |
| July 26 | 0% |
| July 27 | 0% |
| July 29 | 0% |
| July 30 | 0% |
| July 31 | 0% |
Market context
OpenAI has effectively launched GPT‑5.6, with the flagship Sol variant announced on 26 June 2026, though general public access remains pending as the rollout is currently limited to trusted API and Codex partners. The market’s current 0% YES probability reflects a mismatch between the announcement date and the settlement criteria, which require broad availability to the general public outside a closed beta, a milestone OpenAI has not yet confirmed with a specific date.
Historical precedents from GPT‑5.5’s launch in April 2026 show that OpenAI typically stages releases, granting API access to partners first before enabling ChatGPT and public API access days or weeks later. Polymarket traders previously assigned an 83% probability to a late‑June window, betting on the announcement, but the distinction between a preview and general availability has kept the “released to the public” condition unmet, mirroring how earlier models resolved only after the ChatGPT interface became live for all users.
Traders should monitor OpenAI’s official newsroom for a general‑availability announcement, as the current preview excludes individual consumers and ChatGPT users. Key catalysts include the planned expansion of access to ChatGPT, Codex, and the public API, which OpenAI stated will occur “in the coming weeks” following the June 26 preview. Until a verified date for broad public access is published, the contract remains unresolved, with no action required before an official announcement confirms the model’s general availability.
Methodology
Methodologically this overview focuses on on-chain pricing: Polymarket's live mid comes from the Polygon conditional-token order book and settles automatically in USDC. The other three venues — Kalshi, Betfair, Manifold — sit alongside as off-chain reference points so you can see how the contract translates across regulatory and settlement regimes.
Resolution & payout
Settlement is on-chain via UMA Optimistic Oracle. A proposer posts the outcome with a bond, a two-hour dispute window opens, then the smart contract lifts winning conditional tokens to 1 USDC and sends payments to holders' wallets automatically. No withdrawal fees beyond Polygon gas.
Off-chain venues (Kalshi, Betfair, Smarkets) settle in local fiat through bank-side clearing — faster than SWIFT, slower than on-chain. Manifold pays no real cash.
FAQ
- What are crypto prediction markets?
- Crypto prediction markets are on-chain smart contracts where you buy YES or NO shares on a future crypto event (e.g. "BTC above $100k by year-end"). The market price between 0¢ and 100¢ is the implied probability.
- Why USDC and not ETH or USDT?
- USDC is the Polygon standard — audited reserves (Circle, monthly attestation), deepest order book, low gas costs. ETH volatility would distort probability quotes; USDT has thinner Polygon liquidity than USDC.
- What does a transaction cost on Polygon?
- Polygon gas is typically under $0.01 per transaction. A full trade cycle (Approve + Order + Fill) totals around $0.03 — compared to $5-50 on Ethereum mainnet.
- How volatile are crypto prediction markets?
- Crypto markets react to spot prices — a 5% BTC move typically shifts a "BTC above X by date" market 10-20%. Polymarket crypto market liquidity is usually six-figure USD, sufficient for active trading.
- Which crypto markets exist on Polymarket?
- Currently active markets include BTC/ETH/SOL price targets, halving dates, ETF approvals, hard-fork outcomes and Layer-2 TVL thresholds. The list updates weekly; biggest volume sits on BTC and ETH price forecasts.
Trade GPT-5.6 released on 2026? on BTC Prediction
Live order book, 0% fees, USDC settlement in seconds.
Open live market →