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 |
|---|---|
| 34°C | 100% |
| 27°C or below | 0% |
| 28°C | 0% |
| 29°C | 0% |
| 30°C | 0% |
| 31°C | 0% |
| 32°C | 0% |
| 33°C | 0% |
| 35°C | 0% |
| 36°C | 0% |
| 37°C or higher | 0% |
Market context
On 14 July 2026, the highest temperature recorded at Tokyo Haneda Airport Station will determine the settlement outcome of this market. The resolution hinges on a single daily maximum reading in degrees Celsius, sourced from Weather Underground's historical records for that specific location and date. Tokyo's summer climate typically produces highs in the 32–35°C range during mid-July, though heat waves can drive readings several degrees higher.
The 0% crowd probability reflects the market's current state rather than meteorological likelihood; such extreme consensus positions often emerge in nascent weather markets where limited trading activity and sparse historical data create wide bid-ask spreads. Comparable Tokyo July temperature markets have historically resolved across a 30–36°C band, with peaks above 35°C occurring roughly once every three to five years during anomalous heat events. The Japan Meteorological Agency's seasonal forecasts, typically released in late May and early June 2026, will provide the first institutional guidance on whether summer 2026 is expected to track above or below the 30-year normal.
Traders should monitor the El Niño/La Niña cycle status through 2026, as Pacific oscillations materially influence East Asian summer temperatures. The WMO's quarterly climate outlooks, updated in March, June, and September 2025, will signal whether conditions favour warmer-than-average or cooler-than-average patterns. From a regulatory standpoint, this market operates under German GlüStV provisions for EU traders and falls within CFTC oversight for US persons; the no-KYC threshold of $1,500 USD applies to aggregate position notional value, meaning traders can access this market without identity verification up to that cumulative limit across all positions on the platform.
Methodology
This overview of Highest temperature in Tokyo on July 14? 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
- 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.
- What happens during a tax audit?
- You're responsible for documenting your trades. Is Kalshi Legal in California exports a full transaction history (CSV/PDF) for tax reporting. In an audit you'll need to present these documents.
- 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.
- Is there a withdrawal cap?
- No platform-side cap. You can withdraw any amount provided KYC is complete. SEPA bank withdrawals over €15,000 trigger additional anti-money-laundering checks (statutory obligation for all platforms).
- What if regulation changes?
- If regulation changes in your jurisdiction (e.g. prediction markets are banned), Is Kalshi Legal in California would geo-block the affected region and continue processing withdrawals. Your funds remain withdrawable at any time.
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