Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via BTC Prediction) Pick polygram.ink (preferred broker) |
73% | 27% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Open live market → |
Polymarket (direct) polymarket.com |
73% | 27% | 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 |
|---|---|
| Darline Graham Nordone | 73% |
| Candidate A | 50% |
| Candidate B | 50% |
| Candidate C | 50% |
| Candidate D | 50% |
| Candidate E | 50% |
| Candidate F | 50% |
| Candidate G | 50% |
| Candidate H | 50% |
| Candidate I | 50% |
| Candidate J | 50% |
| Other | 50% |
| Ralph Norman | 24% |
| Russell Fry | 6% |
| Duke Buckner | 0% |
| Mark Lynch | 0% |
| Mark Sanford | 0% |
| Sheri Biggs | 0% |
| Pamela Evette | 0% |
| Trey Gowdy | 0% |
| Henry McMaster | 0% |
Market context
South Carolina’s special Republican Senate primary will be decided by the first-round vote on 11 August, with the most votes — not necessarily a majority — determining the winner under the market’s rules. In a low-liquidity prediction market that settles in USDC, the price can move sharply on campaign headlines, but the eventual payout is still a binary read on who tops the initial count rather than who survives a possible runoff.
The best historical comparison is the state’s 2026 regular Republican Senate primary, where Lindsey Graham led comfortably with 56.8% against Mark Lynch’s 28.9%, showing that South Carolina GOP Senate contests can still produce clear first-round winners when the field fragments.[4][12] Earlier statewide Republican Senate contests have also tended to consolidate around a dominant favourite, including Tim Scott’s 62.9% in 2022, which is useful context when a market is pricing a first-round outcome months ahead of voting.[18] The current 0% implied probability therefore reflects a market that is effectively dormant, not a literal assessment that the election cannot be priced.
For catalysts, traders should watch the South Carolina Election Commission’s filing and primary pages for any ballot changes, withdrawal notices, or runoff guidance, because the contract resolves strictly on the first-round tally and ties are broken alphabetically by first name.[7][14] Live results pages from NPR, AP, NBC News, and local station WLTX are likely to be the decisive information feed on election night, especially if turnout is close or the field remains split.[1][2][4][5] On-chain, the main near-term driver is likely broader crypto risk appetite rather than South Carolina-specific politics: if BTC and ETH spot and derivatives markets are volatile, that can spill into prediction-market books and widen spreads, but it does not alter the settlement rule itself.
Methodology
This page reads South Carolina Senate Special Republican Primary: First Round Winner on-chain. Polymarket's quote comes directly from the Polygon order book — the only comparable venue with on-chain settlement. Kalshi (USD, off-chain), Betfair (GBP/EUR, off-chain) and Manifold (play-money) are listed alongside for venue context. Every CTA routes to BTC Prediction, which mirrors the Polymarket order book directly.
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.
UK Frequently Asked Questions
- 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.
- Can I use Bitcoin directly?
- No, Polymarket operates exclusively in USDC on Polygon. You can bridge BTC to USDC via an exchange or bridge service and deposit on Polygon — typically 10-30 minutes processing time.
- 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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