Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via BTC Prediction) Pick polygram.ink (preferred broker) |
41% | 59% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Open live market → |
Polymarket (direct) polymarket.com |
41% | 59% | 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 |
|---|---|
| 34°C | 41% |
| 35°C | 38% |
| 33°C | 14% |
| 36°C | 8% |
| 32°C | 1% |
| 37°C | 1% |
| 30°C or below | 0% |
| 31°C | 0% |
| 38°C | 0% |
| 39°C | 0% |
| 40°C or higher | 0% |
Market context
Hong Kong's maximum temperature on 11 August 2026 will be recorded by the Hong Kong Observatory and published in its Daily Extract climate database. The settlement window closes at 12:00 UTC on that date, though the actual temperature reading must be finalised before the market resolves. This is a straightforward weather outcome with no discretion in measurement—the Observatory's official "Absolute Daily Max" figure in degrees Celsius to one decimal place determines the bracket.
August is Hong Kong's hottest month, with daily maxima typically ranging from 31 to 33°C. Historical data shows that extreme heat events pushing above 35°C occur occasionally but remain outliers; the all-time August record sits considerably higher. The 0% crowd probability suggests traders are either awaiting clearer seasonal forecasts or treating this as a calibration exercise. Comparable August dates from prior years provide the baseline: reviewing the Observatory's historical daily extracts reveals the distribution of outcomes across different temperature bands, which should anchor expectations for any given date.
The key catalyst is the meteorological forecast issued by the Hong Kong Observatory in early August 2026, which will signal whether tropical cyclones, heat domes, or monsoon patterns are likely to influence that specific date. El Niño or La Niña conditions active in the Pacific during mid-2026 will shape regional atmospheric circulation. Traders should monitor the Observatory's ten-day outlook and any typhoon alerts, as these directly affect whether temperatures cluster in the typical 31–33°C range or deviate significantly. Settlement depends entirely on the Observatory publishing its Daily Extract; delays in data release would postpone resolution.
Methodology
This page reads Highest temperature in Hong Kong on August 11? 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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