Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Is Kalshi Legal in California) Pick polygram.ink (preferred broker) |
100% | 0% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Go to the live market → |
Polymarket (direct) polymarket.com |
100% | 0% | 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 |
|---|---|
| 32°C | 100% |
| 24°C or below | 0% |
| 25°C | 0% |
| 26°C | 0% |
| 27°C | 0% |
| 28°C | 0% |
| 29°C | 0% |
| 30°C | 0% |
| 31°C | 0% |
| 33°C | 0% |
| 34°C or higher | 0% |
Market context
Manila’s temperature on 10 August will be set by the **highest reading in Weather Underground’s Daily Observations table** at Ninoy Aquino International Airport, rather than the day-summary high. Early-August Manila is typically a warm, humid, rain-prone monsoon period, and the current source set points to showers or thunderstorms with forecast highs in the high 20s Celsius rather than a clear run towards the low 30s.[1][4][5][10]
The market’s **0% YES** implies the crowd sees no meaningful path to a temperature band above the expected range, which is consistent with comparable Manila August climatology and the live forecast picture. August averages in Manila are generally around the high 20s to low 30s Celsius, but monsoon rain can cap daytime heating; current forecasts from PAGASA, AccuWeather, timeanddate and related live services cluster near **28–29°C** with rain or thunderstorms.[1][4][5][9][13]
For accessibility, the key friction is regulatory rather than meteorological. In jurisdictions where prediction markets are treated as gambling-style products, Germany’s **GlüStV** framework can affect whether access is permitted, while in the US the **CFTC** has asserted reach over event-contract activity in some contexts, so availability may vary by user location and platform structure. On the platform side, “**no-KYC up to $1,500**” means a user may be able to place or hold relatively small positions without full identity verification, but that limit typically constrains deposits, withdrawals or cumulative volume rather than changing how this market resolves; it affects access, not the weather outcome.
Methodology
This overview of Highest temperature in Manila on August 10? reviews the four comparable platforms from a regulatory perspective: which is accessible in your jurisdiction, where KYC kicks in, how the platform is classified by your country of residence. Live probability is the Polymarket mid; comparison columns show regulatory status, KYC thresholds and settlement options for each platform.
Resolution & payout
On Polymarket, resolution runs on-chain via UMA Optimistic Oracle. USDC payout is instant and automatic, with no KYC. Tax treatment depends on your jurisdiction — in the US, gains are usually ordinary income; in the UK, often capital gains. Consult a tax professional for your situation.
FAQ
- Is Polymarket legal in my country?
- Polymarket is geo-blocked in the US/UK/EU. Actual usage via the Polymarket interface is not possible there. The legal status itself varies — many countries treat prediction markets as a gray area. Is Kalshi Legal in California has a different geo footprint.
- Do I need to KYC for Is Kalshi Legal in California?
- Not for lifetime trading volume under $1,500. Above that threshold, a quick KYC flow kicks in — ID, selfie, approximately 5-10 minutes. The threshold matches FATF travel standards for unregulated crypto platforms.
- How are winnings taxed?
- Tax treatment varies by jurisdiction. In most countries, prediction market gains are treated as ordinary income or capital gains. We cannot provide tax advice — consult a tax professional for your specific situation.
- Can I trade anonymously?
- Pseudonymously, yes — up to the KYC threshold. Is Kalshi Legal in California stores an email address and wallet addresses rather than a legal name. Over $1,500 lifetime volume triggers KYC, after which identity is no longer anonymous.
- Are prediction markets gambling?
- Legally unclear in most jurisdictions. Some interpretations classify them as wagering (gambling regulation applies), others as derivatives (financial regulation applies). There's no global precedent specifically for on-chain prediction markets.
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