Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Prediction Today) Pick polygram.ink (preferred broker) |
99% | 1% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Live odds → |
Polymarket (direct) polymarket.com |
99% | 1% | 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 |
|---|---|
| Crowley wins | 99% |
| Other | 50% |
| Hong 30%+ | 1% |
| Hong 25–30% | 0% |
| Hong 20–25% | 0% |
| Hong 15–20% | 0% |
| Hong 10–15% | 0% |
| Hong 5–10% | 0% |
| Hong <5% | 0% |
| Barnes wins | 0% |
Market context
Wisconsin's Democratic primary for governor takes place on 11 August 2026, with the margin between the top two finishers now priced at just 1% probability of exceeding a meaningful threshold. The current pricing reflects expectation of a decisive contest rather than a close race, though the field remains fluid with potential candidates still signalling their intentions as of late 2024. Recent developments in state Democratic circles have centred on positioning around economic messaging and abortion rights, issues that typically drive primary turnout in the Badger State.
Historical Wisconsin Democratic primaries show considerable variation in competitiveness. The 2018 gubernatorial primary saw Tony Evers defeat Kelda Roys and Mahoney with a 42-point margin, though that contest featured a less crowded field. Conversely, the 2022 Senate primary between Mandela Barnes and others produced tighter margins in early contests before consolidation. The current 1% probability suggests market participants anticipate either a frontrunner with substantial name recognition or a field that coalesces around one candidate well before August.
Traders should monitor candidate announcements through spring 2025, particularly any high-profile endorsements or funding disclosures that might indicate consolidation. The Democratic Party's state convention in May 2026 traditionally influences primary dynamics, though Wisconsin's open primary rules mean grassroots mobilisation matters considerably. Polling data, when released, will provide the most direct signal of whether the expected decisive margin holds or whether late-breaking developments narrow the field unexpectedly.
Methodology
This page reviews Wisconsin Governor Democratic Primary Margin of Victory across five venues. The live probability is the Polymarket mid-price, sourced directly from the on-chain Polygon order book; the comparison columns benchmark each venue on fee structure, KYC, settlement currency and payment rails. Every CTA routes to Prediction Today, which mirrors the Polymarket order book at 0% fees.
Resolution & payout
Polymarket-based markets settle through the UMA Optimistic Oracle on Polygon. A proposer submits the outcome, a two-hour challenge window opens, and unchallenged proposals finalise the resolution. Payouts settle automatically in USDC the moment the result is final — no bookmaker, no delay.
Kalshi-based markets settle in USD via the CFTC-regulated clearinghouse. Betfair Exchange settles in GBP/EUR net of commission. Manifold is play-money and does not pay out real funds.
UK Frequently Asked Questions
- 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.
- What's the difference between YES and NO shares?
- A YES share pays $1.00 if the event happens, $0 otherwise. A NO share pays $1.00 if the event doesn't happen. The market price between 0¢ and 100¢ is the implied probability.
- 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%.
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