Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Kalshi vs Polymarket) Pick polygram.ink (preferred broker) |
91% | 9% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | View on Polymarket → |
Polymarket (direct) polymarket.com |
91% | 9% | 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 |
|---|---|
| Anthropic | 91% |
| Company A | 50% |
| Company B | 50% |
| Company C | 50% |
| Company D | 50% |
| Company E | 50% |
| Company F | 50% |
| Company G | 50% |
| Company H | 50% |
| Company I | 50% |
| Company K | 50% |
| Other | 50% |
| 5% | |
| OpenAI | 3% |
| Moonshot | 1% |
| Meta | 0% |
| Alibaba | 0% |
| Baidu | 0% |
| Z.ai | 0% |
| Xiaomi | 0% |
| SpaceXAI | 0% |
| DeepSeek | 0% |
| Amazon | 0% |
| Bytedance | 0% |
| Nvidia | 0% |
| Thinky | 0% |
| MiniMax | 0% |
| Mistral | 0% |
| Meituan | 0% |
| Tencent | 0% |
| StepFun | 0% |
| Microsoft | 0% |
Market context
The market bets on which firm owns the top-ranked text model on arena.ai’s Text Arena leaderboard when checked on 31 August 2026. With 91% implied probability on the YES side, traders are overwhelmingly confident the current leader will retain the top spot, despite the leaderboard’s reliance on blind human preference votes that can shift rapidly with new model releases [1].
Historical volatility in AI leaderboards suggests such high confidence is unusual. In April 2026, claude-opus-4-6-thinking held #1 on the Text Arena with an ELO of 1504, yet similar gaps have closed within weeks when competitors launched superior iterations [3]. Comparable prediction markets on model dominance often see probabilities swing from 80% to under 50% after major announcements, indicating the 91% line may be overstating stability.
Traders should monitor Anthropic’s release schedule and OpenAI’s upcoming model launches, as both have previously disrupted leaderboard rankings. Recent coverage notes that arena.ai rankings update in real time as new models enter the blind voting pool, making timing critical [2]. Any delay in Anthropic’s next flagship or a surprise OpenAI release could trigger a sharp repricing before the settlement window closes.
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
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
- Where can I trade this market with the lowest fees?
- Polymarket is geo-blocked in the US/UK/EU. The easiest 0%-fee broker into the same order book is Kalshi vs Polymarket. Kalshi charges up to 7% per trade; Betfair Exchange takes 2-5% commission on net winnings.
- Is this market available outside the US?
- Polymarket itself is geo-blocked in the US/UK/EU. Always check the legal status of prediction markets in your jurisdiction before trading.
- 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.
- 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.
- 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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