Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Prediction Today) Pick polygram.ink (preferred broker) |
100% | 0% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Live odds → |
Polymarket (direct) polymarket.com |
100% | 0% | 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 |
|---|---|
| Chuck Gray | 100% |
| Candidate A | 50% |
| Candidate B | 50% |
| Candidate C | 50% |
| Candidate D | 50% |
| Candidate E | 50% |
| Other | 50% |
| Jillian Balow | 0% |
| Bo Biteman | 0% |
| Frank Chapman | 0% |
| Kevin Christensen | 0% |
| Richard Dodson | 0% |
| Steve Friess | 0% |
| David Giralt | 0% |
| Keith Goodenough | 0% |
| Reid Rasner | 0% |
| John Romero-Martinez | 0% |
Market context
Wyoming's at-large House seat will see its Republican primary settled on 18 August 2026, with the winner facing the general election in November. The 100% implied probability reflects the near-certainty that a nominee will be formally announced before the 3 November deadline, given standard party procedures and the absence of any reported dispute over candidacy rules or eligibility challenges at present.
Wyoming's Republican primary process typically produces a single nominee without significant friction. The state's at-large district has been held by Republicans since 1989, and primary contests have historically resolved with clear winners and timely announcements. In 2024, the Republican primary for the same seat concluded without controversy. The current probability assignment suggests traders view a failed nomination announcement—the only path to "Other" resolution—as negligible, consistent with Wyoming's track record of orderly primary administration.
Key dates to monitor include any formal candidate declarations and the Republican Party of Wyoming's official primary schedule confirmations. The Wyoming Republican Party typically publishes candidate filing deadlines several months before the August primary; any delays or procedural changes would warrant attention. Additionally, watch for announcements regarding incumbent intentions or unexpected withdrawals, which could reshape the field. The settlement window closes at 23:59 UTC on 18 August 2026, coinciding with primary day itself, meaning resolution should occur within hours of the election results.
Methodology
We track WY-AL Republican Primary Winner 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
Settlement runs on-chain. Polymarket's contract logic separates YES and NO shares as conditional tokens; at resolution the winning share lifts to $1.00 and the losing one to $0. The outcome input comes from the UMA Optimistic Oracle, which secures against bad resolution with a bond + dispute window.
Once finalised, the smart contract pays USDC to the holders' wallets within minutes — no withdrawal fees beyond Polygon network gas. Kalshi settles in USD via CFTC clearance, Betfair in account currency net of commission, Manifold in play-money mana with no cash-out.
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.
- How does resolution work?
- Through the UMA Optimistic Oracle on Polygon: a proposer submits the outcome, a two-hour challenge window opens, and USDC payouts settle automatically once the result is final.
- 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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