Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Prediction Today) Pick polygram.ink (preferred broker) |
55% | 45% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Live odds → |
Polymarket (direct) polymarket.com |
55% | 45% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | Live odds → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | Live odds → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | Live odds → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | Live odds → |
Outcome probabilities
Current market-implied probability for each outcome, from the live order book.
| Outcome | Probability |
|---|---|
| Binface 10–20% | 55% |
| Binface 20–30% | 34% |
| Binface <10% | 7% |
| Binface 30–40% | 6% |
| Binface 40%+ | 1% |
Market context
Nigel Farage's resignation from his Clacton seat has triggered a by-election expected within weeks, with the count now underway or imminent depending on the formal writ timing. Count Binface—the satirical independent candidate persona who has contested multiple recent elections—has signalled intention to stand, making the 7% probability reflect genuine uncertainty about whether he'll secure sufficient nominations and campaign resources to mount a credible challenge in this Essex constituency.
Binface's previous performances offer limited precedent for predicting Clacton-specific outcomes. His 2019 general election run across multiple seats yielded negligible vote shares, whilst his 2021 London mayoral campaign captured 2% of the capital's vote—a notably higher baseline but in a different electoral context with substantially greater media coverage and campaign infrastructure. By-elections typically see lower turnout and more volatile voting patterns than general elections, which could either amplify or suppress novelty candidacies depending on local engagement levels and the strength of mainstream opposition.
The by-election timeline remains fluid; the Electoral Commission must formally announce the poll date following the Speaker's certification of the vacancy. Binface's candidacy hinges on securing ten valid nominations from Clacton's electorate—a procedural hurdle that has eliminated other independent candidates in recent by-elections. Media coverage of the campaign, the calibre of competing candidates, and turnout figures will be critical indicators traders should monitor. Any announcement of Binface's nomination status or withdrawal would materially shift the probability, as would early polling data if published by local or national outlets.
Methodology
We track Clacton by-election: Count Binface Vote % across the five venues with material prediction-market liquidity. The probability shown is the live Polymarket mid; the comparison rows summarise how each venue treats the underlying contract — fees, KYC thresholds, settlement currency, deposit options. The highlighted row marks the cheapest route into Polymarket's order book.
Resolution & payout
At resolution the UMA oracle takes over: a proposer posts the outcome with a bond, any token holder can dispute within two hours. Without dispute the result is accepted and the smart contract distributes USDC instantly.
On Kalshi (CFTC-regulated) resolution runs through their in-house clearing engine in USD. Betfair Exchange settles after match end in the account's local currency. Manifold pays no cash — only its in-platform "mana" currency.
UK Frequently Asked Questions
- Where can I trade this market with the lowest fees?
- Polymarket is geo-blocked in the US/UK/EU. The easiest 0%-fee broker into the same order book is Prediction Today. Kalshi charges up to 7% per trade; Betfair Exchange takes 2-5% commission on net winnings.
- Is this market available outside the US?
- Polymarket itself is geo-blocked in the US/UK/EU. Always check the legal status of prediction markets in your jurisdiction before trading.
- Is Polymarket legal in the UK?
- Polymarket is accessible to UK traders but is not UKGC-licensed. It operates under US CFTC jurisdiction. UK residents face no domestic legal prohibition on using it, but UKGC consumer protections do not apply. For UKGC-regulated alternatives, Betfair Exchange and Smarkets offer similar prediction-style markets.
- Do I pay tax on prediction market profits in the UK?
- UKGC-licensed platform profits (Betfair, Smarkets) are typically tax-free gambling winnings for UK individuals. Polymarket profits involve USDC crypto transactions, which HMRC treats as Capital Gains Tax events. Keep full transaction records and report via Self Assessment if gains exceed £3,000 per tax year.
- How do I deposit on Polymarket from the UK?
- UK traders typically fund Polymarket via Coinbase UK, Kraken or Revolut — buying USDC with GBP and transferring to a Polygon-compatible wallet (MetaMask, Coinbase Wallet). Polymarket's onboarding walks you through the bridging process. Typical GBP-to-USDC conversion costs 0.5–1%.
Trade Clacton by-election: Count Binface Vote % on Prediction Today
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