Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Kalshi vs Polymarket) Pick polygram.ink (preferred broker) |
59% | 41% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | View on Polymarket → |
Polymarket (direct) polymarket.com |
59% | 41% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | View on Polymarket → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | View on Polymarket → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | View on Polymarket → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | View on Polymarket → |
Outcome probabilities
Current market-implied probability for each outcome, from the live order book.
| Outcome | Probability |
|---|---|
| July 9 | 59% |
| July 14 | 15% |
| July 8 | 6% |
| July 7 | 5% |
| July 10 | 5% |
| July 28 | 4% |
| July 16 | 3% |
| July 23 | 3% |
| Not released before August | 2% |
| July 11 | 1% |
| July 12 | 1% |
| July 13 | 1% |
| July 15 | 1% |
| July 19 | 1% |
| July 20 | 1% |
| July 22 | 1% |
| July 24 | 1% |
| June 24 or earlier | 0% |
| June 25 | 0% |
| June 26 | 0% |
| June 27 | 0% |
| June 28 | 0% |
| June 29 | 0% |
| June 30 | 0% |
| July 1 | 0% |
| July 2 | 0% |
| July 3 | 0% |
| July 4 | 0% |
| July 5 | 0% |
| July 6 | 0% |
| July 17 | 0% |
| July 18 | 0% |
| July 21 | 0% |
| July 25 | 0% |
| July 26 | 0% |
| July 27 | 0% |
| July 29 | 0% |
| July 30 | 0% |
| July 31 | 0% |
Market context
OpenAI has officially previewed its GPT-5.6 family, announcing the Sol, Terra, and Luna tiers on 26 June 2026, yet a full public rollout remains deferred at the US government’s request. While the preview system card states broader availability through ChatGPT, Codex, and the API is planned “in the coming weeks”, no general-availability date has been confirmed, leaving the crowd-implied probability of a release before the 31 July 2026 settlement window at 0% YES. This contrasts sharply with Polymarket’s 89% pricing for a public launch by 30 June, a divergence that mirrors earlier misjudges on model release dates when canary signals persisted months before actual rollout[2].
Historically, OpenAI’s release cadence has shown that limited previews often precede public access by weeks, but government scrutiny can compress or delay timelines significantly. The GPT-5.5 launch followed a similar pattern: a preview announcement, restricted API access, then broader availability within a month. However, the Goblin incident and subsequent reward-audit redesign have introduced technical dependencies that may extend the cycle, as auditing contaminated data and retraining the reward model are non-trivial tasks that compress release windows only if completed swiftly[2]. Traders should monitor Codex backend logs for version bumps, await the official system card (which typically lands with the model), and track any updates from the US government on frontier AI access rules, as Reuters reported OpenAI is considering holding off the public debut until next year[3].
The key catalysts are Codex updates, the system card release, and any shifts in US policy on early access to frontier models. OpenAI’s own statement that GPT-5.6 is not available in ChatGPT during the preview and that participation is limited to trusted partners underscores the gap between preview and public access[6]. With the settlement window ending 31 July 2026, the 0% probability reflects market scepticism that the deferred rollout will reverse before the deadline, despite the preview announcement. The cross-platform odds comparison reveals a stark split: Polymarket bets on a June release, while Kalshi and the current crowd-implied probability suggest the public launch will slip beyond the window, aligning with analyst consensus that government delays are load-bearing[5].
Methodology
This page reviews GPT-5.6 released on 2026? across five venues. The live probability is the Polymarket mid-price, sourced directly from the on-chain Polygon order book; the comparison columns benchmark each venue on fee structure, KYC, settlement currency and payment rails. Every CTA routes to Kalshi vs Polymarket, which mirrors the Polymarket order book at 0% fees.
Resolution & payout
Polymarket-based markets settle through the UMA Optimistic Oracle on Polygon. A proposer submits the outcome, a two-hour challenge window opens, and unchallenged proposals finalise the resolution. Payouts settle automatically in USDC the moment the result is final — no bookmaker, no delay.
Kalshi-based markets settle in USD via the CFTC-regulated clearinghouse. Betfair Exchange settles in GBP/EUR net of commission. Manifold is play-money and does not pay out real funds.
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.
- What does Polymarket cost to trade?
- Polymarket itself charges 0% — the only cost is the Polygon network fee, typically under $0.01 per transaction. Off-chain venues like Kalshi or Betfair charge 2-7% commission.
- 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 Kalshi vs Polymarket trigger KYC only above $1,500 of lifetime trading volume; under that you trade pseudonymously with a single wallet address.
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