Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via PolyGram) Pick polygram.ink (preferred broker) |
48% | 52% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | View on Polymarket → |
Polymarket (direct) polymarket.com |
48% | 52% | 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 |
|---|---|
| Spain | 48% |
| Draw | 41% |
| Belgium | 12% |
Market context
Spain and Belgium face off in the 2026 FIFA World Cup quarterfinal on 10 July, with the second-half result market currently pricing a 51% chance that Spain outscore Belgium after the break. This contract resolves based on goals scored in regular second-half play plus stoppage time, excluding first-half action.
Historically, these nations have met twice at World Cups with honours even: Belgium won in 1994, while Spain drew in 1998, and their only prior knockout encounter ended 2-1 to Spain in 1990 [2][5][7]. Second-half volatility in recent World Cup quarterfinals shows no strong bias toward the pre-match favourite; in 2022, France and Argentina both trailed at halftime before winning, while England’s second-half collapse against France in 2022 underscores how momentum can shift abruptly. The 51% implied probability for Spain aligns closely with sportsbook pricing, where Spain holds a -160 moneyline favourite status, translating to roughly 62% win probability overall, but second-half splits often compress that edge [3].
Traders should monitor live in-game catalysts: first-half scoreline, fatigue indicators for key midfielders, and any late tactical shifts announced by managers before kickoff. ESPN’s live coverage will track real-time stats including possession and shot maps, which often correlate with second-half goal bursts [3]. Al Jazeera’s live text updates will confirm any injury substitutions or weather delays that could alter stoppage-time dynamics, directly impacting settlement [10]. No major pre-match announcements have emerged as of 8 PM UTC, but manager press conferences earlier today may reveal lineup changes affecting second-half stamina.
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
Settlement runs on-chain. Polymarket's contract logic separates YES and NO shares as conditional tokens; at resolution the winning share lifts to $1.00 and the losing one to $0. The outcome input comes from the UMA Optimistic Oracle, which secures against bad resolution with a bond + dispute window.
Once finalised, the smart contract pays USDC to the holders' wallets within minutes — no withdrawal fees beyond Polygon network gas. Kalshi settles in USD via CFTC clearance, Betfair in account currency net of commission, Manifold in play-money mana with no cash-out.
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.
- Do I need to KYC for this market?
- On Polymarket directly, no — it's wallet-based. Intermediary brokers like PolyGram trigger KYC only above $1,500 of lifetime trading volume; under that you trade pseudonymously with a single wallet address.
Trade Spain vs. Belgium - Second Half Result on PolyGram
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