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Lowest temperature in Hong Kong on August 8?

How the sports market is pricing "Lowest temperature in Hong Kong on August 8?" right now — live quote plus platform comparison.

28°C 96% 27°C 2% 25°C 1% 26°C 1% Volume: $77K Liquidity: $45K Closes: 8 Aug 2026
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Lowest temperature in Hong Kong on August 8?

Platform comparison

PlatformYES oddsNO oddsFeeKYCSettlement
Polymarket (via Sport Prediction) Pick
polygram.ink (preferred broker)
96% 4% 0% (USDC on-chain) No-KYC up to $1,500 USDC, auto via UMA oracle Live odds →
Polymarket (direct)
polymarket.com
96% 4% 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.

OutcomeProbability
28°C96%
27°C2%
25°C1%
26°C1%
22°C or below0%
23°C0%
24°C0%
29°C0%
30°C0%
31°C0%
32°C or higher0%

Market context

Hong Kong is set up for a very warm night minimum rather than a cold one: the Hong Kong Observatory’s 9-day forecast for 8 August shows mostly fine weather, extreme daytime heat and a range of 28°C to 35°C, while AccuWeather’s same-day forecast points to a low near 83°F, or about 28.3°C. Those readings sit comfortably inside the usual August pattern, when the city’s average low is around 81°F and monthly lows commonly stay in the high 20s Celsius. [4][2][1][9]

That background helps explain why the market’s 0% YES price is consistent with history. Hong Kong’s August climate is typically hot, humid and storm-prone rather than cool, and even an unusually unsettled day often leaves the overnight minimum well above 25°C. The Observatory’s own August 2024 summary described the month as exceptionally hot, with a mean daily minimum of 27.7°C, reinforcing how hard it is for the lowest temperature on an August day to land in a genuinely cool range. [14][16][15]

For traders, the main catalysts are the Observatory’s updated forecasts, any late-day thunderstorm or rain band that briefly cuts temperatures, and the eventual Daily Extract used for settlement. The city’s official forecast for 8 August mentions isolated showers and thunderstorms later, but the current published range still implies a minimum far above any low-temperature bucket below the mid-20s Celsius. The market cannot resolve until the Hong Kong Observatory publishes the final Daily Extract for the date. [8][4][3]

Sources: 1 · 2 · 3 · 4 · 5

Methodology

Sports-specific comparison page for Lowest temperature in Hong Kong on August 8?. 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

Are prediction markets better than sports betting?
Prediction markets tend toward tighter odds than bookmakers because they use peer-to-peer exchange rather than bookmaker margin. On major matches, Polymarket quotes typically sit 2-5% closer to the true probability model than bet365 or DraftKings.
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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