Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Kalshi Alternative) Pick polygram.ink (preferred broker) |
39% | 61% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Go to the live market → |
Polymarket (direct) polymarket.com |
39% | 61% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | Go to the live market → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | Go to the live market → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | Go to the live market → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | Go to the live market → |
Outcome probabilities
Current market-implied probability for each outcome, from the live order book.
| Outcome | Probability |
|---|---|
| ↓ 62,000 | 39% |
| ↑ 66,000 | 38% |
| ↓ 60,000 | 10% |
| ↑ 68,000 | 9% |
| ↑ 72,000 | 2% |
| ↑ 70,000 | 2% |
| ↓ 58,000 | 2% |
| ↑ 74,000 | 1% |
| ↓ 56,000 | 1% |
| ↓ 54,000 | 1% |
| ↑ 78,000 | 0% |
| ↑ 76,000 | 0% |
| ↓ 52,000 | 0% |
| ↓ 50,000 | 0% |
Market context
Bitcoin's price movement during the week of 10–16 August 2026 will be determined by macroeconomic conditions, regulatory announcements, and spot or futures market positioning in the months leading up to that window. The current 0% crowd-implied probability suggests traders across platforms are either uncertain about the settlement criteria or expect price action to remain within a narrower band than the market's price target implies. Polymarket's binary framework and Kalshi's regulated US-domiciled structure handle such crypto volatility differently: Kalshi's KYC requirements and SEC oversight create friction for international traders, whilst Polymarket's Ethereum-based settlement and lower barriers to entry attract higher volume in crypto-native cohorts. Betfair and Smarkets, by contrast, operate decimal odds natively, which can obscure the true probability density when converted to implied percentages—a material difference when tracking how professional traders price tail-risk events in Bitcoin's August seasonality.
Historical precedent matters here. Bitcoin's August performance has ranged widely: in 2021, the asset traded between $29,000 and $50,000 across the month; in 2023, it remained relatively stable between $26,000 and $30,000. The absence of any YES probability suggests either the settlement price threshold is far outside consensus expectations or liquidity has dried up on this specific outcome. Traders should monitor Federal Reserve communications, spot exchange inflows and outflows (tracked via Glassnode and CryptoQuant), and any major institutional custody announcements in the months prior. Recent volatility clustering in crypto markets has been tied to US inflation data releases and tech earnings; these remain the primary catalysts for August 2026 price discovery.
Methodology
We read What price will Bitcoin hit August 10-16? from four platform perspectives: Polymarket (on-chain CLOB), Kalshi (CFTC-regulated exchange), Betfair Exchange (sports book exchange), Smarkets (peer-to-peer betting exchange). Polymarket's live mid is the canonical probability; the side-by-side columns benchmark fees, KYC, settlement currency and deposit rails so you can choose the venue that fits your jurisdiction and trade size.
Resolution & payout
Settlement is the biggest difference between the four platforms: Polymarket on-chain in USDC (instant), Kalshi USD via CFTC (T+1), Betfair and Smarkets in local currency via bank withdrawal (T+1 to T+3). On-chain settlement clears in minutes — the fastest payout path of the four.
FAQ
- Polymarket vs Kalshi — which is better?
- Depends on your location. Kalshi is CFTC-regulated, US-only with full KYC. Polymarket is global, on-chain, no KYC up to $1,500. Polymarket has ~10x higher liquidity but higher regulatory risk.
- What does Polymarket cost vs Kalshi?
- Polymarket: 0% fees, only Polygon network costs (~$0.01/trade). Kalshi: up to 7% per trade plus spread. For high-frequency traders, Polymarket is dramatically cheaper.
- Which platform has the deepest liquidity?
- Polymarket — by a wide margin. Top markets reach $50-500M volume, Kalshi ~$200M cumulative, Betfair similar. Deeper liquidity means your trade moves the quote less.
- Are all these platforms regulated?
- No. Kalshi is CFTC-regulated (US). Betfair and Smarkets are UK Gambling Commission licensed. Polymarket operates without explicit regulation — a different risk profile than a regulated sportsbook.
- Which platform supports Klarna/SOFORT?
- Directly: none. Polymarket accepts only USDC on Polygon. Kalshi Alternative offers a fiat on-ramp via Klarna or SOFORT (DE/AT/CH) and converts internally to USDC for the Polymarket order book. T+1 processing.
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