Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Robinhood Prediction Markets) Pick polygram.ink (preferred broker) |
49% | 51% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Go to the live market → |
Polymarket (direct) polymarket.com |
49% | 51% | 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 |
|---|---|
| 49% | |
| Anthropic | 45% |
| OpenAI | 4% |
| Alibaba | 0% |
| Z.ai | 0% |
| xAI | 0% |
| DeepSeek | 0% |
| Moonshot | 0% |
| Mistral | 0% |
| Meituan | 0% |
| Microsoft | 0% |
| Meta | 0% |
| Amazon | 0% |
| Baidu | 0% |
| ByteDance | 0% |
| Company A | 0% |
| Company B | 0% |
| Company C | 0% |
| Company D | 0% |
| Company E | 0% |
| Company F | 0% |
| Company G | 0% |
| Company H | 0% |
| Company I | 0% |
| Company K | 0% |
| Other | 0% |
Market context
The market bets on which firm will hold the top Chatbot Arena rank for mathematics by late July 2026, a metric derived from crowdsourced human battles rather than static test scores. Current odds imply a near-even split, with the YES side at 49%, suggesting the crowd sees little advantage for any single incumbent over the next year. This probability mirrors historical volatility in the leaderboard, where frontier models frequently swap positions after major updates or fine-tuning releases, making long-dated predictions inherently uncertain [1][3].
Traders should monitor release schedules for GPT-5, Claude Mythos, and Gemini 3.1, as these frontier updates often trigger immediate leaderboard shifts. Recent analysis highlights that vote rigging can artificially inflate Elo ratings, meaning a sudden rank jump may reflect manipulation rather than genuine capability gains [2]. Developers increasingly treat the Arena as one data point alongside standardized benchmarks like GPQA Diamond, where Claude Mythos Preview currently leads, suggesting a potential divergence between crowd perception and technical reality [8].
Platform mechanics diverge sharply here: Polymarket displays implied probabilities like the current 49%, whereas Kalshi and Betfair use decimal odds, requiring conversion for accurate comparison. Fee structures also vary, with Polymarket typically charging lower maker fees than Smarkets, while KYC requirements on Kalshi restrict access for non-US traders. These structural differences affect liquidity depth and price efficiency, meaning the same 49% signal may carry different risk premiums across books depending on the platform’s user base and fee model.
Methodology
We read Which company has the best Math AI model end of July? from four platform perspectives: Polymarket (on-chain CLOB), Kalshi (CFTC-regulated exchange), Betfair Exchange (sports book exchange), Smarkets (peer-to-peer betting exchange). Polymarket's live mid is the canonical probability; the side-by-side columns benchmark fees, KYC, settlement currency and deposit rails so you can choose the venue that fits your jurisdiction and trade size.
Resolution & payout
Settlement is the biggest difference between the four platforms: Polymarket on-chain in USDC (instant), Kalshi USD via CFTC (T+1), Betfair and Smarkets in local currency via bank withdrawal (T+1 to T+3). On-chain settlement clears in minutes — the fastest payout path of the four.
FAQ
- Polymarket vs Kalshi — which is better?
- Depends on your location. Kalshi is CFTC-regulated, US-only with full KYC. Polymarket is global, on-chain, no KYC up to $1,500. Polymarket has ~10x higher liquidity but higher regulatory risk.
- 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.
- Which platform supports Klarna/SOFORT?
- Directly: none. Polymarket accepts only USDC on Polygon. Robinhood Prediction Markets offers a fiat on-ramp via Klarna or SOFORT (DE/AT/CH) and converts internally to USDC for the Polymarket order book. T+1 processing.
Trade Which company has the best Math AI model end of July? on Robinhood Prediction Markets
Live order book, 0% fees, USDC settlement in seconds.
Open live market →