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 |
|---|---|
| 25°C | 100% |
| 22°C or below | 0% |
| 23°C | 0% |
| 24°C | 0% |
| 26°C | 0% |
| 27°C | 0% |
| 28°C | 0% |
| 29°C | 0% |
| 30°C | 0% |
| 31°C | 0% |
| 32°C or higher | 0% |
Market context
São Paulo’s hottest reading on 7 August will be set by the top value in Weather Underground’s Daily Observations for the airport station, so the market is really about the day’s peak hourly observation rather than the summary high-and-low figure. With the crowd assigning 0% to every yes outcome, the book is effectively saying the event is already priced as settled or nearly certain under the market’s Celsius bands, which is easier to compare on Polymarket than on decimal-odds books such as Betfair or Smarkets, where the same view would be expressed through prices above or below 1.00 rather than implied probability.
The historical frame points to a cool, stable August climatology for São Paulo, with AccuWeather showing daily highs around the mid-to-high 20s Celsius and weather services describing August as typically dry and mild.[1][13][14] Polymarket’s own page has concentrated around 25°C with near-100% implied probability, while local reporting from the city’s climate agency also points to a maximum near 25°C for 7 August and dry conditions.[2][12] That makes the key comparison less about whether 25°C is plausible than whether the airport station’s actual daily observation lands in the market’s bracket and is not revised later in the publication window.[2]
For catalysts, traders should watch late-day changes in cloud cover, wind and any brief rain or thunder that could suppress the airport maximum, since the settlement source is the hourly observation record rather than a forecast summary.[7][12] On a platform basis, Kalshi-style markets are typically US-regulated with tighter KYC reach, while Smarkets and Betfair are more familiar in decimal terms and usually price through liquidity and commission rather than a direct probability display; Polymarket’s interface, by contrast, translates the same weather view into percentage odds and can therefore look more decisive even when the underlying uncertainty is similar.[2]
Methodology
We read Highest temperature in Sao Paulo on August 7? 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
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
- 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 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.
- 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.
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