Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via BTC Prediction) Pick polygram.ink (preferred broker) |
54% | 46% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Open live market → |
Polymarket (direct) polymarket.com |
54% | 46% | 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 |
|---|---|
| 35°C | 54% |
| 36°C | 22% |
| 34°C | 18% |
| 37°C | 6% |
| 33°C | 2% |
| 38°C | 1% |
| 29°C or below | 0% |
| 30°C | 0% |
| 31°C | 0% |
| 32°C | 0% |
| 39°C or higher | 0% |
Market context
Hong Kong’s official high on 10 August will be the Hong Kong Observatory’s **Absolute Daily Max** in degrees Celsius, and that is the figure this market settles on once the daily extract is published. Because the resolution source records temperatures to one decimal place, the relevant outcome is the final published maximum rather than any intraday spike or neighbourhood reading elsewhere in the city.
The current **0% YES** crowd price fits a market that has already been overtaken by the tape: the Observatory reported **36.9°C on 9 August 2026**, described by multiple outlets as Hong Kong’s hottest day on record since 1884. That matters because this contract is not a “whether it gets hot” bet, but a specific date-and-source check; the new record has raised the bar for 10 August, even though Hong Kong’s August climatology still supports very high daytime maxima. The long-run normal maximum for 10 August is about **31.4°C**, so a settlement near record territory would require another exceptional heat event rather than routine summer weather.
For traders, the immediate catalysts are the Observatory’s official hourly readings through the day and the later publication of the Daily Extract, which can lag the live temperature display. Any change in the synoptic set-up — for example, a nearby tropical cyclone, subsidence, or a switch to cloud and showers — would matter more than the on-chain mechanics themselves, since settlement is simply an off-chain data feed mapped to USDC-style market resolution. In crypto terms, the contract may trade like a low-volatility weather binary, with price more likely to move on a fresh HKO update or a late-day forecast revision than on BTC or ETH momentum, unless broader risk appetite is unusually thin and flow becomes one-sided.
Methodology
This page reads Highest temperature in Hong Kong on August 10? 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 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.
- 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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