Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Prediction Market UK) Pick polygram.ink (preferred broker) |
100% | 0% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | See live odds → |
Polymarket (direct) polymarket.com |
100% | 0% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | See live odds → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | See live odds → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | See live odds → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | See 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 be contested in the 2026 midterm elections, and the Republican primary on 18 August 2026 will determine the GOP nominee. A YES share in this market pays out if a Republican nominee is formally announced by the 3 November 2026 deadline; a NO share pays out if no nominee emerges by that date. The current 100% implied probability reflects the near-certainty that Republicans will field a candidate in a reliably conservative district where the primary winner typically faces minimal general-election opposition.
Wyoming has held its at-large House seat since 1913, and Republican dominance in statewide races has been consistent for decades. The 2024 general election saw the Republican candidate win with over 66% of the vote. Historical precedent suggests that contested Republican primaries in Wyoming produce clear nominees well before autumn deadlines, though the state's small population and limited candidate pool mean primary fields can be thin. The 100% probability reflects both the structural expectation of a nominee and the absence of any announced candidate withdrawal or party dysfunction at present.
Traders should monitor candidate announcements through spring and summer 2026, particularly from incumbent Representative Harriet Hageman or potential challengers. The Wyoming Republican Party's official calendar and any early-filing deadlines will signal candidate commitment. Recent midterm cycles have shown that Wyoming Republicans typically consolidate behind a single nominee by late summer, reducing the likelihood of a contested convention or nomination failure. Any unexpected retirement announcement or party leadership changes could alter the trajectory, though such developments remain speculative at this stage.
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
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
- 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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