Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via PolyGram) Pick polygram.ink (preferred broker) |
91% | 9% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | View on Polymarket → |
Polymarket (direct) polymarket.com |
91% | 9% | 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 |
|---|---|
| 26°C | 91% |
| 27°C | 8% |
| 28°C | 1% |
| 21°C or below | 0% |
| 22°C | 0% |
| 23°C | 0% |
| 24°C | 0% |
| 25°C | 0% |
| 29°C | 0% |
| 30°C | 0% |
| 31°C or higher | 0% |
Market context
On 5 July 2026, traders are betting on the peak temperature recorded at Tokyo Haneda Airport, with the current crowd-implied probability for a “YES” outcome sitting at 0%. This stark divergence from Polymarket’s frontrunner—27°C at 54%—suggests either a mispriced contract or a platform-specific odds mismatch that Kalshi-style analysts would flag as a key arbitrage opportunity[1].
Historically, early July in Tokyo sees highs between 26°C and 28°C, with Haneda’s daily normal maximum at 28.9°C[9]. Last year, July 4 hit 28°C with 100% market certainty, while July 2 peaked at 24°C[2][3]. The 2026 summer has already broken records, with Tokyo reaching 36.8°C on 1 July—the highest ever for that date[6]. These precedents frame the 0% probability as an outlier, not a consensus.
Traders should monitor the Japan Meteorological Agency’s 3-day forecast updates, issued 3 July at 11:00, which may refine expectations for Haneda’s peak[9]. No major weather announcements are scheduled, but humidity levels above 80% and wind speeds under 20 mph could push temperatures higher[5][7]. With settlement ending 12:00 UTC on 5 July, real-time Wunderground data will be the sole resolution source[1]. The odds gap between platforms remains the most actionable signal for cross-market traders.
Methodology
We track Highest temperature in Tokyo on July 5? across the five venues with material prediction-market liquidity. The probability shown is the live Polymarket mid; the comparison rows summarise how each venue treats the underlying contract — fees, KYC thresholds, settlement currency, deposit options. The highlighted row marks the cheapest route into Polymarket's order book.
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
- 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.
- 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.
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