Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via BTC Prediction) Pick polygram.ink (preferred broker) |
96% | 4% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Open live market → |
Polymarket (direct) polymarket.com |
96% | 4% | 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 |
|---|---|
| 32°C | 96% |
| 33°C | 4% |
| 24°C or below | 0% |
| 25°C | 0% |
| 26°C | 0% |
| 27°C | 0% |
| 28°C | 0% |
| 29°C | 0% |
| 30°C | 0% |
| 31°C | 0% |
| 34°C or higher | 0% |
Market context
Busan’s outcome will be decided by the **highest hourly or sub-hourly reading** logged at Gimhae International Airport, not by the rounded daily summary, so the contract is sensitive to brief spikes above the morning or afternoon forecast. With the market already at **0% YES**, traders are effectively saying the observed maximum is expected to fall outside the listed outcome band, which is consistent with a contract that settles from a single station rather than citywide averages. The broad seasonal baseline for Busan in August is hot and humid, with average highs around **30°C** and typical August maxima in the low 30s, while long-run climate references put the month’s upper-end daytime highs around the mid-30s °C.[2][6][18]
Comparable Busan climate records show that 10 August can be materially warmer than the monthly average, but the extreme tail is still limited by coastal moderation and cloud cover. Historical climate summaries list an August 10 record high of **34.6°C** for Busan, which suggests that outcomes in the **30–35°C** range are the natural reference zone for this date, even though isolated heatwaves elsewhere in South Korea have recently pushed readings far higher.[7][13] For prediction-market reading, that means the key question is not whether Korea is hot in August, but whether the airport station catches a transient peak that pushes the daily maximum into a higher temperature bucket than traders currently expect.[3][7]
For catalysts, the main watchpoints are the **local forecast updates**, the timing of any **thunderstorm or cloud cover**, and whether the airport sees a short-lived pre-frontal warming before rain cools the surface. Current public forecasts for Busan on 10 August point to thunderstorms early, overcast conditions, and a high near the mid-80s °F, which is roughly the low 30s °C and broadly in line with the market’s active temperature band.[10][15] Because settlement depends on the Wunderground Daily Observations table and revisions are counted only until the next day’s first datapoint appears, late data updates around the settlement window matter more than the headline high/low summary.[3] In crypto terms, this is a straightforward USDC-settled weather contract, so any price action in BTC or ETH is only indirectly relevant through overall risk appetite rather than the meteorological outcome.
Methodology
This page reads Highest temperature in Busan 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
- 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%.
Trade Highest temperature in Busan on August 10? on BTC Prediction
Live order book, 0% fees, USDC settlement in seconds.
Open live market →