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 |
|---|---|
| 10°C | 99% |
| 11°C | 1% |
| 4°C or below | 0% |
| 5°C | 0% |
| 6°C | 0% |
| 7°C | 0% |
| 8°C | 0% |
| 9°C | 0% |
| 12°C | 0% |
| 13°C | 0% |
| 14°C or higher | 0% |
Market context
Wellington's maximum temperature on 17 August 2026 will be determined by the strength of any cold frontal system moving across the lower North Island during mid-winter. The 0% crowd probability reflects the absence of current meteorological signals pointing toward an exceptionally warm day during New Zealand's coldest season, when Wellington typically records highs between 11–13°C.
August historically presents Wellington's most predictable weather patterns. Analysis of the past two decades shows that mid-winter highs exceeding 16°C occur in roughly 5–8% of cases, typically when subtropical air masses push south ahead of a departing low-pressure system. The airport station's exposure on the Cook Strait means temperature swings can be sharp; however, sustained warmth requires specific synoptic conditions—a northwesterly flow combined with weak upper-level troughs—that become increasingly rare as the month progresses toward spring.
Traders should monitor the Southern Oscillation Index and sea surface temperature anomalies across the Tasman Sea in the weeks leading to mid-August, as these influence whether high-pressure systems develop to the east or west of New Zealand. The MetService 10-day forecast issued around 7 August will provide the first reliable indication of whether any warm-air advection is likely. Resolution will depend on the Daily Observations table at Weather Underground's Wellington Intl Airport station, not summary figures, making the precise timing of peak temperature measurement critical to settlement.
Methodology
We track Highest temperature in Wellington on August 17? 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
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.
- 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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