Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via BTC Prediction) Pick polygram.ink (preferred broker) |
100% | 0% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Open live market → |
Polymarket (direct) polymarket.com |
100% | 0% | 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 |
|---|---|
| 10°C | 100% |
| 4°C or below | 0% |
| 5°C | 0% |
| 6°C | 0% |
| 7°C | 0% |
| 8°C | 0% |
| 9°C | 0% |
| 11°C | 0% |
| 12°C | 0% |
| 13°C | 0% |
| 14°C or higher | 0% |
Market context
Wellington International Airport's daily maximum temperature on 16 August 2026 will be recorded via Weather Underground's Daily Observations table, with settlement in USDC against the specific temperature band selected. The market currently shows 0% implied probability across all ranges, suggesting either early-stage liquidity or consensus that no extreme outlier conditions are expected for a mid-winter day in New Zealand's capital.
August is Wellington's coldest month, with historical daily maxima typically ranging from 11–13 °C. The 0% crowd reading reflects baseline meteorological patterns: winter highs in the city rarely exceed 15 °C, and sub-zero maxima are exceptionally rare. Comparable August days at Wellington Airport over the past decade show consistent clustering in the 10–13 °C band, with outliers (both warm and cold) occurring fewer than 10% of the time. This anchors the probability distribution heavily toward moderate ranges rather than extreme tails.
Traders should monitor the Southern Oscillation Index and sea-surface temperature anomalies in the Tasman Sea during late July and early August 2026, as these drive synoptic weather patterns affecting Wellington. A strong anticyclone could push maxima toward 15–17 °C; conversely, a deep low-pressure system or southerly outbreak could suppress temperatures below 10 °C. MetService New Zealand's 10-day forecast, issued around 6 August, will provide the most actionable signal. Settlement hinges on Weather Underground's Daily Observations extraction at Wellington Intl Airport Station—traders should verify the station's operational status and data quality ahead of the resolution window closing at 12:00 UTC on 16 August.
Methodology
This page reads Highest temperature in Wellington on August 16? 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.
- 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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