Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via PolyGram) Pick polygram.ink (preferred broker) |
71% | 29% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | View on Polymarket → |
Polymarket (direct) polymarket.com |
71% | 29% | 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 |
|---|---|
| 28°C | 71% |
| 29°C | 12% |
| 30°C | 2% |
| 23°C or below | 0% |
| 24°C | 0% |
| 25°C | 0% |
| 26°C | 0% |
| 27°C | 0% |
| 31°C | 0% |
| 32°C | 0% |
| 33°C or higher | 0% |
Market context
Tokyo faces its peak summer heat today as the city monitors the highest temperature recorded at Haneda Airport on 13 July 2026. The market currently assigns a 0% probability to any outcome, implying traders believe the event will not resolve within the defined ranges or that the specific conditions for a "YES" outcome are impossible under current definitions. This zero-implied probability stands in stark contrast to historical data, where mid-July highs in Tokyo regularly exceed 30°C, with recent years seeing peaks near 36°C to 40°C in surrounding areas.
Historical precedents frame this divergence sharply. Japan recorded its highest-ever temperature of 41.2°C in Tamba City in late July 2025, while Tokyo Haneda typically sees daily highs between 29°C and 33°C in July, with forecasts for 2026 suggesting ranges up to 33°C [1][2][4]. The 0% crowd probability likely reflects a misunderstanding of the settlement mechanics or a belief that the temperature will fall outside all offered ranges, rather than an expectation of cold weather. On cross-platform comparison, sportsbooks rarely offer single-day temperature contracts, leaving prediction markets like Polymarket as the primary venue, yet the lack of liquidity here creates a disconnect from the physical reality of Tokyo’s summer climate.
Traders should watch the hourly updates from Wunderground, the designated resolution source, and monitor real-time feeds from the Japan Meteorological Agency for any extreme heat advisories issued today [4]. The settlement window closes at 12:00 UTC, meaning the final reading must be captured before noon. Recent thundery showers forecast for Haneda today could suppress peak temperatures, potentially keeping highs near 30°C, which may align with lower-range outcomes if the market structure allows [5]. No major announcements are pending, but the dependency on a single data point from Haneda Airport makes this contract highly sensitive to localized microclimate variations.
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
At resolution the UMA oracle takes over: a proposer posts the outcome with a bond, any token holder can dispute within two hours. Without dispute the result is accepted and the smart contract distributes USDC instantly.
On Kalshi (CFTC-regulated) resolution runs through their in-house clearing engine in USD. Betfair Exchange settles after match end in the account's local currency. Manifold pays no cash — only its in-platform "mana" currency.
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.
- Is this market available outside the US?
- Polymarket itself is geo-blocked in the US/UK/EU. Always check the legal status of prediction markets in your jurisdiction before trading.
- What does Polymarket cost to trade?
- Polymarket itself charges 0% — the only cost is the Polygon network fee, typically under $0.01 per transaction. Off-chain venues like Kalshi or Betfair charge 2-7% commission.
- 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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