Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Robinhood Prediction Markets) Pick polygram.ink (preferred broker) |
100% | 0% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Go to the live market → |
Polymarket (direct) polymarket.com |
100% | 0% | 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 |
|---|---|
| Crime | 100% |
| UFC | 100% |
| Dana / White | 100% |
| Russia | 100% |
| Scam | 48% |
| Football | 48% |
| Mexico | 48% |
| China | 48% |
| Crypto / Bitcoin | 48% |
| Pope | 47% |
| Gold / Golden | 47% |
| Soccer | 47% |
| Knicks | 45% |
| Israel | 42% |
| Uranium | 40% |
| Wall Street | 11% |
Market context
Donald Trump is set to sign an executive order on Thursday targeting social media firms, a move that could directly trigger posts from his Truth Social account if the listed term relates to platform regulation or conservative suppression. This real-world development anchors the 48% YES crowd-implied probability, as Trump has historically used his platform to announce, threaten, or celebrate such policy shifts. The market resolves between 23 and 28 June 2026, capturing the immediate aftermath of the order’s signing.
Historically, Trump’s posting behaviour spikes around executive actions on media, with comparable cases including his 2020 threats to shut down Twitter and his 2024 calls for FCC intervention. In those instances, he posted repeatedly within hours of announcements, often quoting or replying to critics. This pattern suggests the current probability is well-calibrated, though slightly conservative given his 80-million-follower reach and documented urgency when regulating platforms. Traders should note that Polymarket displays decimal odds while Kalshi and Betfair emphasise implied probability; fee structures also diverge, with Smarkets offering lower maker fees but stricter KYC requirements.
Key catalysts include the White House’s Thursday announcement, any FCC follow-up on “deceptive” blocking, and Trump’s scheduled Truth Social activity. A Reuters report confirms the executive order will redefine legal protections for platforms, potentially prompting Trump to post if the listed term appears in the order’s text or his commentary [1]. Monitor his account for quote posts, replies, or text embedded in images, as these count toward resolution. Divergence between books may arise if one platform weights recent posting frequency more heavily, while another prioritises the executive order’s legal scope.
Methodology
We read What will Trump post this week? (June 23 - 28) 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.
- 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 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.
- 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.
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