Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via PolyGram) Pick polygram.ink (preferred broker) |
56% | 44% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Trade this market → |
Polymarket (direct) polymarket.com |
56% | 44% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | Trade this market → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | Trade this market → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | Trade this market → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | Trade this market → |
Outcome probabilities
Current market-implied probability for each outcome, from the live order book.
| Outcome | Probability |
|---|---|
| ↓ 1,800 | 56% |
| ↑ 2,000 | 15% |
| ↓ 1,700 | 13% |
| ↑ 2,100 | 5% |
| ↓ 1,600 | 4% |
| ↑ 2,200 | 2% |
| ↓ 1,500 | 2% |
| ↑ 2,500 | 1% |
| ↑ 2,400 | 1% |
| ↑ 2,300 | 1% |
| ↓ 1,400 | 1% |
| ↑ 2,600 | 0% |
| ↓ 1,300 | 0% |
| ↓ 1,200 | 0% |
Market context
Ethereum is trading on Polymarket through a USDC-funded position on Polygon, with the contract paying out via conditional tokens only if the market’s price condition is met inside the 3–9 August settlement window ending 2026-08-10T04:00:00Z. The current crowd-implied probability of **0% YES** says traders are pricing the threshold as not yet achievable, so the market is effectively assigning no value to an upside strike being reached before expiry.[7][8][13]
For a hands-on Polymarket user, that kind of near-zero pricing is usually read against both spot ETH and the option-style shape of the market. At the start of the window, ETH was around $1,844.64, while contemporaneous forecasts from several crypto-prediction sites clustered the August range roughly between the high-$1,700s and low-$2,700s, with more aggressive models still below the much higher targets implied by a breakout market.[8][1][2][15] That gap helps explain why the contract can sit at a hard zero even when ETH is volatile: the market only pays if the specific price level is touched before settlement, not if ETH merely trends higher later.
Traders should watch scheduled macro and crypto-specific catalysts that can compress price into the window, especially any ETF flow updates, Federal Reserve repricing, and late-summer regulatory headlines that could move spot sharply in either direction.[9] CoinEdition flagged the first half of August as a period where “CLARITY Act” timing, hawkish Fed repricing, and stablecoin-liquidity shifts could matter for ETH’s direction, while Polymarket’s own live odds on nearby strike levels showed much higher probabilities for lower thresholds such as $1,800 than for $2,000 or $2,100, indicating the market is still anchored to sub-$2,000 pricing.[9][7]
Methodology
Methodologically we separate two layers: the live probability (Polymarket mid-price) and the platform attributes (fee, KYC, settlement currency, payment rails). That keeps the comparison honest — a single canonical probability across the row, with the venue-by-venue trade-offs spelt out in the columns next to it.
Resolution & payout
At resolution the UMA oracle takes over: a proposer posts the outcome with a bond, any token holder can dispute within two hours. Without dispute the result is accepted and the smart contract distributes USDC instantly.
On Kalshi (CFTC-regulated) resolution runs through their in-house clearing engine in USD. Betfair Exchange settles after match end in the account's local currency. Manifold pays no cash — only its in-platform "mana" currency.
FAQ
- How does resolution work?
- Through the UMA Optimistic Oracle on Polygon: a proposer submits the outcome, a two-hour challenge window opens, and USDC payouts settle automatically once the result is final.
- What's the difference between YES and NO shares?
- A YES share pays $1.00 if the event happens, $0 otherwise. A NO share pays $1.00 if the event doesn't happen. The market price between 0¢ and 100¢ is the implied probability.
- How fast are USDC deposits?
- Polygon credits deposits after 12 confirmations — usually under 30 seconds. Withdrawals follow the same path and land back in your wallet within minutes.
- Do I need to KYC for this market?
- On Polymarket directly, no — it's wallet-based. Intermediary brokers like PolyGram trigger KYC only above $1,500 of lifetime trading volume; under that you trade pseudonymously with a single wallet address.
- How reliable are the quoted odds?
- The YES/NO percentages are the live mid-prices of the Polymarket order book. On deep markets they move every few seconds; on thinner ones you'll see short plateaus.
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