Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via BTC Prediction) Pick polygram.ink (preferred broker) |
80% | 20% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Open live market → |
Polymarket (direct) polymarket.com |
80% | 20% | 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 |
|---|---|
| Tadej Pogačar | 80% |
| Cyclist A | 50% |
| Cyclist B | 50% |
| Cyclist C | 50% |
| Cyclist D | 50% |
| Cyclist E | 50% |
| Cyclist F | 50% |
| Cyclist G | 50% |
| Cyclist H | 50% |
| Cyclist I | 50% |
| Cyclist J | 50% |
| Cyclist K | 50% |
| Cyclist L | 50% |
| Cyclist M | 50% |
| Cyclist N | 50% |
| Cyclist O | 50% |
| Cyclist P | 50% |
| Cyclist Q | 50% |
| Cyclist R | 50% |
| Cyclist S | 50% |
| Cyclist T | 50% |
| Cyclist U | 50% |
| Cyclist V | 50% |
| Cyclist W | 50% |
| Cyclist X | 50% |
| Cyclist Y | 50% |
| Cyclist Z | 50% |
| Cyclist AA | 50% |
| Cyclist AB | 50% |
| Cyclist AC | 50% |
| Cyclist AD | 50% |
| Cyclist AE | 50% |
| Cyclist AF | 50% |
| Cyclist AG | 50% |
| Cyclist AH | 50% |
| Cyclist AI | 50% |
| Cyclist AJ | 50% |
| Cyclist AK | 50% |
| Cyclist AL | 50% |
| Cyclist AM | 50% |
| Cyclist AN | 50% |
| Cyclist AO | 50% |
| Cyclist AP | 50% |
| Cyclist AQ | 50% |
| Cyclist AR | 50% |
| Cyclist AS | 50% |
| Cyclist AT | 50% |
| Cyclist AU | 50% |
| Cyclist AV | 50% |
| Cyclist AW | 50% |
| Cyclist AX | 50% |
| Cyclist AY | 50% |
| Cyclist AZ | 50% |
| Cyclist BA | 50% |
| Cyclist BB | 50% |
| Cyclist BC | 50% |
| Cyclist BD | 50% |
| Cyclist BE | 50% |
| Cyclist BF | 50% |
| Cyclist BG | 50% |
| Cyclist BH | 50% |
| Cyclist BI | 50% |
| Cyclist BJ | 50% |
| Cyclist BK | 50% |
| Cyclist BL | 50% |
| Cyclist BM | 50% |
| Cyclist BN | 50% |
| Cyclist BO | 50% |
| Cyclist BP | 50% |
| Cyclist BQ | 50% |
| Cyclist BR | 50% |
| Cyclist BS | 50% |
| Cyclist BT | 50% |
| Cyclist BU | 50% |
| Cyclist BV | 50% |
| Cyclist BW | 50% |
| Cyclist BX | 50% |
| Cyclist BY | 50% |
| Cyclist BZ | 50% |
| Cyclist CA | 50% |
| Cyclist CB | 50% |
| Other | 50% |
| Jonas Vingegaard | 16% |
| Paul Seixas | 2% |
| Remco Evenepoel | 1% |
| Isaac del Toro | 1% |
| Florian Lipowitz | 0% |
| Juan Ayuso | 0% |
| Tobias Halland Johannessen | 0% |
| Tom Pidcock | 0% |
| Cian Uijtdebroeks | 0% |
| Mattias Skjelmose | 0% |
| Richard Carapaz | 0% |
| Antonio Tiberi | 0% |
| Derek Gee-West | 0% |
| Matteo Jorgenson | 0% |
| Thymen Arensman | 0% |
| Adam Yates | 0% |
| Jai Hindley | 0% |
| Lenny Martinez | 0% |
| Ben O'Connor | 0% |
| Kévin Vauquelin | 0% |
| Ben Healy | 0% |
| Luke Plapp | 0% |
| Lennert Van Eetvelt | 0% |
| Egan Bernal | 0% |
| Brandon McNulty | 0% |
| Sepp Kuss | 0% |
| Michael Storer | 0% |
| Matthew Riccitello | 0% |
| Ilan Van Wilder | 0% |
| Valentin Paret-Peintre | 0% |
| Warren Barguil | 0% |
Market context
The 2026 Tour de France, running from 4 to 26 July, is a grueling three-week race where Tadej Pogačar is the undisputed champion, having already secured four titles in 2020, 2021, 2024 and 2025. His current betting odds of 1.25 to 1 reflect an 80% market-implied probability of victory, positioning him to join Jacques Anquetil, Eddy Merckx, Bernard Hinault and Miguel Indurain as a record-equalling five-time winner if he claims the yellow jersey again [2]. Historical precedent shows that such dominance is rare; only Merckx and Indurain have won five times, and Pogačar’s recent Giro d’Italia triumph alongside Vingegaard’s assured performance reinforces his status as the outstanding favourite, with Jonas Vingegaard as his nearest challenger at 5 to 1 odds [1][3].
Traders must monitor key catalysts including Pogačar’s official start confirmation, any mid-race withdrawals, or disqualifications that would resolve the market to “No” per UCI rules [4]. Critical dependencies include weather conditions on mountain stages, team strategy shifts, and potential injuries, with recent news highlighting Vingegaard’s reinforced status as the number one challenger following his Giro victory [3]. Exchange spot prices and funding rates for BTC and ETH may also influence on-chain mechanics, as whale flows in USDC settlement could signal shifting sentiment ahead of the settlement window ending 23:59 ET on 9 August. Crypto data sources like Kalshi confirm that stage-specific markets resolve to “No” if a cyclist fails to complete the race, underscoring the importance of real-time tracking [4].
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 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.
- How does UMA secure the resolution?
- The UMA Optimistic Oracle uses a bond system: a proposer posts a bond, a two-hour challenge window opens. On dispute the losing side forfeits the bond — financial incentive for honest resolution.
- 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.
- Are crypto prediction markets taxable in the US?
- In the US, prediction market gains are typically treated as ordinary income or short-term capital gains depending on holding period. Consult a tax professional for your specific situation — we cannot provide tax advice.
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