Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via PolyGram) Pick polygram.ink (preferred broker) |
73% | 27% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | View on Polymarket → |
Polymarket (direct) polymarket.com |
73% | 27% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | View on Polymarket → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | View on Polymarket → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | View on Polymarket → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | View on Polymarket → |
Outcome probabilities
Current market-implied probability for each outcome, from the live order book.
| Outcome | Probability |
|---|---|
| United Russia (ER) | 73% |
| New People (NL) | 20% |
| Liberal Democratic Party of Russia (LDPR) | 5% |
| Communist Party of the Russian Federation (KPRF) | 2% |
| Yabloko | 1% |
| A Just Russia – For Truth (SRZP) | 0% |
| Rodina | 0% |
| Civic Platform (GP) | 0% |
| Other | 0% |
| Party B | 0% |
| Party C | 0% |
| Party D | 0% |
| Party E | 0% |
| Party F | 0% |
| Party G | 0% |
| Party H | 0% |
| Party I | 0% |
| Party J | 0% |
| Party K | 0% |
| Party L | 0% |
| Party M | 0% |
| Party N | 0% |
| Party O | 0% |
| Party P | 0% |
| Party Q | 0% |
| Party R | 0% |
| Party S | 0% |
| Party T | 0% |
| Party U | 0% |
| Party V | 0% |
| Party W | 0% |
| Party X | 0% |
| Party Y | 0% |
| Party Z | 0% |
Market context
Russia will hold its next State Duma election in September 2026, with 450 seats at stake and the outcome likely to be determined by which party adds the most seats rather than who wins an outright majority. The market’s **69%** crowd-implied “YES” looks directionally consistent with the broad expectation that United Russia remains the dominant force, but it is not a near-certain outcome because the contract is about *seat gains*, not seat share.[8][11][1]
Recent polling-based seat models still place United Russia comfortably first, but the gap with smaller parties matters here. WCIOM’s March 2026 projection gave United Russia 201 seats, with LDPR on 73, New People on 71, and the Communist Party on 66, implying a much tighter contest on marginal gains than in a simple “most seats” market.[1] Other projection tools are even more bullish on United Russia, with one model estimating 319 seats and a 100% chance of finishing first, while market trackers have shown prices ranging from roughly **55%** to **95.7%** for United Russia depending on venue and methodology.[3][5][6] That spread suggests the current crowd price is closer to a cautious consensus than to the most aggressive model output.
The main catalysts are the official election timetable, any changes to district rules or candidate access, and the credibility of pre-election polling as September approaches. Russia is scheduled to vote on 18–20 September 2026, and any late administrative changes, candidate exclusions, or regional slate adjustments could shift the seat-gain picture more than national vote share alone.[8][11][13] For traders comparing platforms, the useful divergence is that prediction markets tend to price the first-place party directly, while analyst models often focus on projected seat totals; if United Russia’s total rises only modestly but rivals lose more, the “most seats gained” contract can still settle against the incumbent even when the headline vote looks flat.[1][3][7]
Methodology
Methodologically we separate two layers: the live probability (Polymarket mid-price) and the platform attributes (fee, KYC, settlement currency, payment rails). That keeps the comparison honest — a single canonical probability across the row, with the venue-by-venue trade-offs spelt out in the columns next to it.
Resolution & payout
Polymarket-based markets settle through the UMA Optimistic Oracle on Polygon. A proposer submits the outcome, a two-hour challenge window opens, and unchallenged proposals finalise the resolution. Payouts settle automatically in USDC the moment the result is final — no bookmaker, no delay.
Kalshi-based markets settle in USD via the CFTC-regulated clearinghouse. Betfair Exchange settles in GBP/EUR net of commission. Manifold is play-money and does not pay out real funds.
FAQ
- 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 PolyGram. Kalshi charges up to 7% per trade; Betfair Exchange takes 2-5% commission on net winnings.
- 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.
- What's the difference between YES and NO shares?
- A YES share pays $1.00 if the event happens, $0 otherwise. A NO share pays $1.00 if the event doesn't happen. The market price between 0¢ and 100¢ is the implied probability.
- How fast are USDC deposits?
- Polygon credits deposits after 12 confirmations — usually under 30 seconds. Withdrawals follow the same path and land back in your wallet within minutes.
- How reliable are the quoted odds?
- The YES/NO percentages are the live mid-prices of the Polymarket order book. On deep markets they move every few seconds; on thinner ones you'll see short plateaus.
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