Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via BTC Prediction) Pick polygram.ink (preferred broker) |
74% | 26% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Open live market → |
Polymarket (direct) polymarket.com |
74% | 26% | 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 |
|---|---|
| Crowley 0.4–0.6% | 74% |
| Other | 50% |
| Crowley 0.2–0.4% | 17% |
| Crowley 0.6–0.8% | 4% |
| Crowley <0.2% | 3% |
| Crowley 0.8–1% | 2% |
| Crowley 1–1.2% | 1% |
| Hong 1%+ | 0% |
| Hong 0.8–1% | 0% |
| Hong 0.6–0.8% | 0% |
| Hong 0.4–0.6% | 0% |
| Hong 0.2–0.4% | 0% |
| Hong <0.2% | 0% |
| Crowley 1.2–1.4% | 0% |
| Crowley 1.4–1.6% | 0% |
| Crowley 1.6–1.8% | 0% |
| Crowley 1.8–2% | 0% |
| Crowley 2%+ | 0% |
Market context
Wisconsin's Democratic primary for governor takes place on 11 August 2026, with the margin between the top two finishers determining settlement across 0.2 percentage-point brackets. The current 0% YES probability reflects minimal trading activity rather than consensus conviction; primary margins in competitive Democratic races typically cluster between 2–8 points, though surprise challengers or consolidation dynamics can compress results to sub-1% separations. Wisconsin's 2022 gubernatorial general election saw Tony Evers defeat Tim Michels by 3.3 points in a state trending marginally Democratic, establishing baseline volatility for intra-party contests.
Historical Democratic primary margins offer calibration: the 2020 presidential primary in Wisconsin saw Biden defeat Sanders by 9.6 points after late consolidation, whilst the 2018 gubernatorial primary produced a 13-point Evers victory over Kelda Roys. Tighter outcomes emerge when multiple credible candidates split progressive and moderate lanes without clear frontrunner status. Current candidate field composition, endorsement patterns, and turnout modelling will determine whether this resolves in the sub-0.2% brackets (indicating near-parity) or drifts toward 2–4% separation.
Key catalysts include candidate announcements and campaign finance filings through spring 2026, polling releases from Wisconsin-focused firms, and labour union endorsements that historically shape Democratic primary dynamics in the state. Settlement hinges on official results from the Wisconsin Elections Commission, published typically within days of the primary. USDC settlement occurs post-certification, with bracket resolution dependent on precise margin calculation from validated vote totals.
Methodology
This page reads Wisconsin Governor Democratic Primary Margin of Victory (0.2% Brackets) 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
- 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.
- 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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