Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Is Kalshi Legal in California) Pick polygram.ink (preferred broker) |
97% | 3% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Go to the live market → |
Polymarket (direct) polymarket.com |
97% | 3% | 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 |
|---|---|
| 30°C | 97% |
| 31°C | 4% |
| 33°C | 1% |
| 25°C or below | 0% |
| 26°C | 0% |
| 27°C | 0% |
| 28°C | 0% |
| 29°C | 0% |
| 32°C | 0% |
| 34°C | 0% |
| 35°C or higher | 0% |
Market context
Tokyo’s peak temperature on 27 July will be set by the day’s actual high at Haneda Airport, so the market is really a bet on whether the city gets a fairly normal midsummer day or another sharp heat spike. July in Tokyo is typically hot and very humid, with average humidity around 77–80% and daytime temperatures often in the 25–33°C range, while brief heavy showers and early-season typhoon bands can still interrupt the pattern.[1] That makes a low-teens or mid-20s Celsius outcome unlikely, but the current crowd view of 0% YES is still a strong statement against an extreme outlier rather than against warm weather itself.[1][2]
For comparison, recent market pricing on the same event has centred on the low-30s Celsius range rather than on unusually cool or record-setting heat, which is more consistent with Tokyo’s summer profile than a sub-30°C finish.[2] That matters because this market resolves to the highest recorded temperature during the day, not the noon reading, so an afternoon spike can settle it even if mornings are moderate. The practical reading is that traders are weighing whether cloud cover, rainfall, or sea-breeze effects cap the high before the upper-20s or push it into the low 30s.[1][2]
On accessibility, this kind of market sits in a regulatory grey zone for many users. German GlüStV rules can affect whether a platform is treated as offering regulated gambling products to German residents, while US CFTC reach is relevant if a venue is viewed as a derivatives or event-contract platform accessible from the United States. A “no-KYC up to $1,500” threshold usually means smaller deposits or withdrawals may be available with lighter identity checks, but it does not remove geoblocking, sanctions screening, or country-specific restrictions; for a weather market like this, that mainly determines who can enter and size positions, not how the outcome is settled.
Methodology
This overview of Highest temperature in Tokyo on July 27? 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.
- 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.
- 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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