Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Prediction Market UK) Pick polygram.ink (preferred broker) |
54% | 46% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | See live odds → |
Polymarket (direct) polymarket.com |
54% | 46% | 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 |
|---|---|
| 35°C | 54% |
| 36°C | 22% |
| 34°C | 18% |
| 37°C | 6% |
| 33°C | 2% |
| 38°C | 1% |
| 29°C or below | 0% |
| 30°C | 0% |
| 31°C | 0% |
| 32°C | 0% |
| 39°C or higher | 0% |
Market context
Hong Kong’s **highest temperature on 10 August** will be the single daily maximum recorded by the Hong Kong Observatory, and this market settles on which Celsius range contains that figure once the Observatory publishes the final “Daily Extract”. In prediction-market terms, a **YES share** pays out if the event matches the listed outcome; a **NO share** pays out if it does not. Because the market is tied to the Observatory’s final “Absolute Daily Max (deg. C)”, traders should focus on the official figure rather than headline weather apps or rounded forecasts.[1][7]
The current **0% YES** price implies the crowd sees that outcome as effectively impossible, but August in Hong Kong is climatologically hot, with the Observatory’s normal mean maximum for 10 August at **31.1°C** and a mean temperature of **28.7°C**.[3] Comparable recent August data show very warm conditions persisting into the second week of the month, including the Observatory’s monthly summary for August 2025 noting a **34.4°C** maximum on 10 August.[14] Broader historical data also suggest that mid-30s Celsius readings are plausible on hot days in Hong Kong, so the market is effectively pricing a particular temperature band rather than the general likelihood of heat.[6][9]
The main catalysts are the day’s actual weather at the Observatory, the timing of the final daily extract, and any last-minute convective rain or cloud cover that suppresses the peak temperature. Official values are usually published after the day closes, and this market cannot resolve until that publication appears.[1][4] Short-range forecasts from commercial providers pointed to a very warm, unsettled day around 10 August, with highs in the mid-30s Celsius, while the Observatory’s own historical and climatological pages remain the cleanest source for settlement.[11][18]
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 Market UK, 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 Market UK. Kalshi charges up to 7% per trade; Betfair Exchange takes 2-5% commission on net winnings.
- 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.
- 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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