Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Kalshi Alternative) Pick polygram.ink (preferred broker) |
51% | 49% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Go to the live market → |
Polymarket (direct) polymarket.com |
51% | 49% | 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 |
|---|---|
| Team D | 51% |
| Team A | 50% |
| Team B | 50% |
| Team C | 50% |
| Team E | 50% |
| Other | 50% |
| New York Yankees | 37% |
| Washington Nationals | 17% |
| Houston Astros | 14% |
| Los Angeles Dodgers | 13% |
| Chicago White Sox | 11% |
| Chicago Cubs | 4% |
| Philadelphia Phillies | 4% |
| Atlanta Braves | 3% |
| Arizona Diamondbacks | 2% |
| Boston Red Sox | 2% |
| Cleveland Guardians | 2% |
| Colorado Rockies | 2% |
| Kansas City Royals | 2% |
| Miami Marlins | 2% |
| New York Mets | 2% |
| San Diego Padres | 2% |
| San Francisco Giants | 2% |
| St. Louis Cardinals | 2% |
| Tampa Bay Rays | 2% |
| Baltimore Orioles | 1% |
| Cincinnati Reds | 1% |
| Los Angeles Angels | 1% |
| Milwaukee Brewers | 1% |
| Minnesota Twins | 1% |
| Athletics | 1% |
| Pittsburgh Pirates | 1% |
| Seattle Mariners | 1% |
| Texas Rangers | 1% |
| Toronto Blue Jays | 1% |
| Detroit Tigers | 0% |
Market context
Based on real-money crowd forecasting, mlb: most home runs (team) stands at 51% likelihood according to current market consensus. This market will resolve according to the team that hits the most home runs during the 2026 MLB Regular Season. If two teams tie for the most home runs, this market will resolve i…
Methodology
This page compares MLB: Most Home Runs (Team) specifically across Polymarket, Kalshi, Betfair Exchange and Smarkets. The live probability is the Polymarket mid; the comparison columns summarise each venue's fee structure, KYC, settlement currency and payment rails. Every CTA routes to Kalshi Alternative, which mirrors the Polymarket order book at 0% fees.
Resolution & payout
Polymarket settles via UMA Optimistic Oracle on Polygon. A proposer posts the outcome with a bond, the two-hour window runs, then the smart contract pays USDC.
Kalshi settles USD through the CFTC-regulated clearinghouse — the cleanest variant, with heavier KYC. Betfair Exchange settles in account currency (GBP/EUR), net of 2-5% commission. Smarkets follows the same model as Betfair with a lower default 2% commission.
FAQ
- 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.
- What about Smarkets as an alternative?
- Smarkets is a UK betting exchange with a lower default commission (2%) than Betfair. Liquidity on political markets is below Polymarket, comparable to Kalshi. Geo-blocked in many jurisdictions.
- Which platform is accessible globally?
- Polymarket is geo-blocked in the US/UK/EU. Kalshi is US-only. Betfair and Smarkets are UK-restricted. Kalshi Alternative has a different geo footprint and routes to Polymarket's order book at 0% fees.
- 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.
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