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 |
|---|---|
| 32°C | 100% |
| 27°C or below | 0% |
| 28°C | 0% |
| 29°C | 0% |
| 30°C | 0% |
| 31°C | 0% |
| 33°C | 0% |
| 34°C | 0% |
| 35°C | 0% |
| 36°C | 0% |
| 37°C or higher | 0% |
Market context
Shenzhen’s peak temperature on 5 August will be set by the day’s highest reading at Shenzhen Bao’an International Airport Station, so the key issue is whether the afternoon heats up enough to land in a given Celsius band rather than the overnight low or the citywide feel. Forecasts for early August point to a hot, humid, rain-prone pattern: one August outlook has Shenzhen around 31–32°C by day with frequent rainfall, while another puts the monthly high range broadly in the mid-80s to high-90s Fahrenheit, which is consistent with a wide spread around the settlement buckets.[1][2][6][14]
The current 0% YES price on a platform like Polymarket suggests traders see the exact band selection as highly unlikely, but reading that against Kalshi, Betfair, or Smarkets matters because the books surface the same event differently. Polymarket typically shows an implied probability for each outcome, whereas exchange-style venues often show decimal odds or back/lay prices, with fees and spreads affecting the effective price; access can also diverge materially because KYC, jurisdiction, and product availability are not the same across venues. A recent historical touchpoint is the 3 August Shenzhen temperature market, which resolved at 31°C after the airport station recorded that daily high, showing how these contracts can settle within a narrow summer band rather than at the extremes.[19][20]
For traders, the main catalysts are the live airport-station observations, the afternoon convective-rain pattern, and any sign that cloud cover or showers cap the daily maximum below the forecast range. Officially, the resolution source is Wunderground’s daily history for Shenzhen Bao’an International Airport Station, so the most relevant watchpoint is the highest reported temperature on that station’s daily record, not a generic city forecast.[16] Conflicting model output is common in Shenzhen in August because heavy rain and typhoon-season weather can suppress daytime highs even when the broader monthly forecast looks hot, making the late-morning to mid-afternoon window the decisive period.[2][14]
Methodology
We read Highest temperature in Shenzhen on August 5? 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
- 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.
- Is Betfair a Polymarket alternative?
- Only partially. Betfair Exchange is UK-focused with a sports-betting emphasis; they have politics markets but with thinner liquidity than Polymarket. Settlement in GBP/EUR, 2-5% commission on winnings.
- 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.
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