Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Sport Prediction) Pick polygram.ink (preferred broker) |
98% | 2% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Live odds → |
Polymarket (direct) polymarket.com |
98% | 2% | 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 |
|---|---|
| 29°C | 98% |
| 26°C | 1% |
| 27°C | 1% |
| 28°C | 1% |
| 24°C or below | 0% |
| 25°C | 0% |
| 30°C | 0% |
| 31°C | 0% |
| 32°C | 0% |
| 33°C | 0% |
| 34°C or higher | 0% |
Market context
Hong Kong’s lowest temperature on 9 August will be taken from the Hong Kong Observatory’s final “Absolute Daily Min (deg. C)” reading for that date, and the market cannot settle until the Daily Extract is published. August in Hong Kong is usually warm even before the day warms up: the Observatory’s normals put 9 August at a mean minimum of 28.6°C, which is far above any cool-range outcome and helps explain why the current crowd price is pinned at 0% for a low-temperature band outcome.[2][17]
For context, recent and comparable August readings have also sat well above the settlement ranges typically used in these markets. Timeanddate’s Hong Kong history shows a minimum of 84°F, about 28.9°C, on 8 August, while the Observatory’s 2024 August summary described the period 3–9 August as persistently very hot under an upper-level anticyclone, with the month’s mean daily minimum at 27.7°C.[1][12] That combination of late-summer heat and a historically elevated night-time baseline means any sub-20s Celsius minimum would be an outlier, not a normal read-through from seasonal averages.[2][12]
The main catalysts are meteorological rather than market-driven: whether a tropical disturbance, cloud cover, or a rain band suppresses the overnight floor before the Observatory’s morning observation, and whether the settled weather pattern shifts enough to break the usual warm minima. The Observatory’s regional forecasts and daily updates are the relevant dependencies to watch for the overnight period into the morning, because once the final extract is posted the outcome is fixed by the recorded minimum, not by daytime heat.[4][17]
Methodology
Sports-specific comparison page for Lowest temperature in Hong Kong on August 9?. 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.
- What are live sports odds on Polymarket?
- Some top-tier matches stay open during play — you can trade the half-time probability in the 70th minute. Polymarket mid-prices update second-by-second; any frontend mirroring the order book shows the same movement.
- 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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