Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Sport Prediction) Pick polygram.ink (preferred broker) |
71% | 29% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Live odds → |
Polymarket (direct) polymarket.com |
71% | 29% | 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 |
|---|---|
| 28°C | 71% |
| 29°C | 26% |
| 30°C | 5% |
| 31°C | 1% |
| 32°C | 1% |
| 23°C or below | 0% |
| 24°C | 0% |
| 25°C | 0% |
| 26°C | 0% |
| 27°C | 0% |
| 33°C or higher | 0% |
Market context
Seoul's weather in mid-August typically sits at the peak of the Korean summer monsoon season, with daily highs regularly exceeding 30°C. The Incheon International Airport meteorological station, which serves as the official observation point for this market, recorded a high of 33.2°C on 17 August 2023 and 32.8°C on the same date in 2022, placing both years in the upper-middle range of historical August temperatures for the region. The 0% crowd probability suggests traders are either uncertain about available temperature ranges or expect conditions notably cooler than recent precedent.
August 2026 forecasting depends on broader atmospheric patterns that typically emerge two to three months prior. The East Asian summer monsoon's intensity, Pacific typhoon activity, and any anomalous heat domes across Northeast Asia will determine whether temperatures track towards the 33–35°C range observed in recent years or dip below 30°C. The Korea Meteorological Administration publishes seasonal outlooks in June, which would provide the first substantive signal for traders. Additionally, any tropical cyclone activity in late July or early August could suppress temperatures through cloud cover and precipitation, a factor worth monitoring through late July 2026 forecasts.
The settlement mechanism's reliance on Weather Underground's Daily Observations table rather than summary figures introduces a technical resolution dependency. Traders should verify the exact data source and any historical discrepancies between Incheon Airport's official KMA readings and Weather Underground's recorded figures before committing capital, as measurement timing or station calibration differences could affect which temperature range ultimately resolves.
Methodology
Sports-specific comparison page for Highest temperature in Seoul (Incheon) on August 17?. Polymarket's live quote (Polygon order book) plus platform attributes for the three reference venues. Sports markets reward liquidity — Polymarket and Betfair are materially deeper than Kalshi or Manifold.
Resolution & payout
Sports markets typically settle on official final-whistle plus league confirmation. Polymarket uses UMA Optimistic Oracle with a source URL per contract — usually official league data feeds or ESPN/Soccerway. Two-hour dispute window, then smart-contract payout in USDC.
UK Frequently Asked Questions
- When do sports markets resolve?
- Typically within hours of the official final whistle. Polymarket uses UMA Optimistic Oracle with source URLs pointing at official league data feeds — e.g. the Premier League for EPL markets, UEFA for Champions League, FIFA for World Cup.
- Can I bet on individual matches?
- Yes, Polymarket lists every major Premier League / Champions League / World Cup match as its own market. Liquidity varies — top matches like El Clásico or a semi-final often have six-figure pools, lower-league games closer to three-figure.
- 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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