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 |
|---|---|
| 84-85°F | 100% |
| 77°F or below | 0% |
| 78-79°F | 0% |
| 80-81°F | 0% |
| 82-83°F | 0% |
| 86-87°F | 0% |
| 88-89°F | 0% |
| 90-91°F | 0% |
| 92-93°F | 0% |
| 94-95°F | 0% |
| 96°F or higher | 0% |
Market context
Chicago’s heat on 9 August landed close to seasonal norms rather than in the extreme range, and the latest public observations point to a daily maximum around the mid-80s Fahrenheit at O’Hare. The National Weather Service’s Chicago-O’Hare climate report for 9 August lists a normal maximum of 83°F, with the previous day’s observed maximum at 84°F, while Weather Underground-linked market data has already shifted the crowd to the 84–85°F bin at 100% implied probability.[2][3][11]
That makes this market read more like a settled weather-observation question than a live forecast contest. August 9 at O’Hare has a long-run normal high of about 83°F, and historical records show that the date can still produce much hotter outcomes in rare years, with the all-time record at 97°F and several 90s-era heat spikes in the record books.[11][13] In that context, a mid-80s finish is consistent with a warm but not exceptional summer day in Chicago.[11][13]
The main things to watch are the final O’Hare station observations on Weather Underground’s Daily Observations table, because the market settles on that source rather than the summary high-low display. Late-updated readings, missing hourly data, or a revision before the first datapoint for 10 August could matter if the station’s highest recorded value is adjusted.[3] The latest National Weather Service update for the Chicago area showed thunderstorm rain and fog/mist at nearby Midway late on 9 August, which supports the idea that any end-of-day temperature movement would have come from local convective weather rather than a broad heat surge.[5]
Methodology
This page is a comparison snapshot: one live quote, four reference venues with their key attributes, and a single execution path — every trade button routes to Prediction Today, which mirrors the Polymarket order book directly.
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.
- What does Polymarket cost to trade?
- Polymarket itself charges 0% — the only cost is the Polygon network fee, typically under $0.01 per transaction. Off-chain venues like Kalshi or Betfair charge 2-7% commission.
- 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 Highest temperature in Chicago on August 9? on Prediction Today
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