Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Robinhood Prediction Markets) Pick polygram.ink (preferred broker) |
92% | 8% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Go to the live market → |
Polymarket (direct) polymarket.com |
92% | 8% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | Go to the live market → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | Go to the live market → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | Go to the live market → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | Go to the live market → |
Outcome probabilities
Current market-implied probability for each outcome, from the live order book.
| Outcome | Probability |
|---|---|
| August 21 | 92% |
| August 14 | 80% |
| August 13 | 42% |
| August 12 | 20% |
| August 7 | 0% |
| August 11 | 0% |
Market context
SpaceX's xAI division must release a model explicitly versioned as Grok 4.6 or a direct successor variant (such as Grok 4.75) to the general public by mid-August 2026 for this market to resolve affirmatively. The release window spans roughly 20 months from the market's creation, requiring both development completion and public availability within that timeframe. Task-specialised derivatives or efficiency-focused variants of the 4.6 lineage would qualify, though a jump to Grok 5 as the next flagship would not.
xAI's release cadence provides the primary historical anchor. Grok 3 reached public availability in November 2024, followed by Grok 4 in May 2025 and Grok 4.5 in early 2026. This pattern suggests roughly four to six-month intervals between major point releases, though xAI has not committed to a formal schedule. Comparable timelines from competitors—Anthropic's Claude progression and OpenAI's GPT iteration frequency—show considerable variance, with some intervals extending beyond a year when development priorities shift or safety reviews lengthen. The 0% crowd probability reflects scepticism about whether xAI will prioritise a 4.6 release over either consolidating 4.5's market position or accelerating toward Grok 5.
Traders should monitor xAI's quarterly announcements and Elon Musk's public statements regarding development roadmaps. Polymarket's decimal-odds interface (currently reflecting near-zero probability) differs from Kalshi's implied-percentage display, which may affect how traders perceive tail-risk positioning. Regulatory changes affecting model deployment, compute availability constraints, or strategic pivots toward enterprise licensing rather than public release represent material dependencies that could shift the book significantly if signalled through official channels.
Methodology
This page compares Grok 4.6 released by 2026? specifically across Polymarket, Kalshi, Betfair Exchange and Smarkets. The live probability is the Polymarket mid; the comparison columns summarise each venue's fee structure, KYC, settlement currency and payment rails. Every CTA routes to Robinhood Prediction Markets, which mirrors the Polymarket order book at 0% fees.
Resolution & payout
Polymarket settles via UMA Optimistic Oracle on Polygon. A proposer posts the outcome with a bond, the two-hour window runs, then the smart contract pays USDC.
Kalshi settles USD through the CFTC-regulated clearinghouse — the cleanest variant, with heavier KYC. Betfair Exchange settles in account currency (GBP/EUR), net of 2-5% commission. Smarkets follows the same model as Betfair with a lower default 2% commission.
FAQ
- What does Polymarket cost vs Kalshi?
- Polymarket: 0% fees, only Polygon network costs (~$0.01/trade). Kalshi: up to 7% per trade plus spread. For high-frequency traders, Polymarket is dramatically cheaper.
- Which platform has the deepest liquidity?
- Polymarket — by a wide margin. Top markets reach $50-500M volume, Kalshi ~$200M cumulative, Betfair similar. Deeper liquidity means your trade moves the quote less.
- What about Smarkets as an alternative?
- Smarkets is a UK betting exchange with a lower default commission (2%) than Betfair. Liquidity on political markets is below Polymarket, comparable to Kalshi. Geo-blocked in many jurisdictions.
- Which platform is accessible globally?
- Polymarket is geo-blocked in the US/UK/EU. Kalshi is US-only. Betfair and Smarkets are UK-restricted. Robinhood Prediction Markets has a different geo footprint and routes to Polymarket's order book at 0% fees.
- Are all these platforms regulated?
- No. Kalshi is CFTC-regulated (US). Betfair and Smarkets are UK Gambling Commission licensed. Polymarket operates without explicit regulation — a different risk profile than a regulated sportsbook.
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