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 |
|---|---|
| ↑ 1,900 | 91% |
| ↓ 1,800 | 77% |
| ↑ 2,000 | 63% |
| ↓ 1,700 | 45% |
| ↑ 2,100 | 41% |
| ↓ 1,600 | 26% |
| ↑ 2,200 | 21% |
| ↑ 2,300 | 14% |
| ↓ 1,500 | 14% |
| ↓ 1,400 | 10% |
| ↑ 2,400 | 7% |
| ↓ 1,300 | 5% |
| ↑ 2,500 | 4% |
| ↓ 1,200 | 3% |
| ↑ 2,600 | 2% |
| ↑ 3,000 | 1% |
| ↑ 2,700 | 1% |
| ↓ 1,100 | 1% |
| ↓ 1,000 | 1% |
| ↓ 900 | 1% |
Market context
Ethereum would need to trade up through a wide band of 2026 forecasts before this contract resolves, which is why the 1% crowd-implied YES sits well below most published analyst ranges. Several August 2026 price models cluster around the low-to-mid $2,000s, including estimates near $2,232, $2,588 and $2,885, while more bearish takes put August closer to $1,750–$2,050.[3][1][4][9][10] By contrast, a market summary on Coingecko says Polymarket traders assign 72.5% to ETH reaching $2,000 by end-2026, and Yahoo reports some end-of-year prediction-market odds still imply a $3,000–$3,500 range, suggesting this contract is priced much more cautiously than broader year-end views.[13][15]
Historical framing matters because Ethereum has been getting forecast with very wide dispersion even within a single month: one set of August 2026 projections spans roughly $1,717 to $3,399, another puts the month between about $1,746 and $1,765, and a separate technical note warns of support around $1,807 with upside resistance near $2,000 and $2,400.[1][3][10] That spread implies the market is not debating a precise target so much as whether ETH can sustain a recovery above recent trendline support, which is consistent with analysts publishing both sub-$2,000 and $3,000-plus scenarios for the same period.[2][18]
For traders, the immediate catalysts are the same few drivers that keep shifting those ranges: whether ETH can reclaim short-term technical resistance, whether broader crypto liquidity stays supportive, and whether any ETF, tokenisation or Layer-2 news changes the demand narrative.[2][18] Coinpedia’s latest August note says ETH is trading near $1,865 after failing to hold a rising trendline, with $1,807 and $1,717 as downside levels and $2,029 as the first major upside barrier, so any fresh move around those levels can quickly reshape implied odds on this contract.[2]
Methodology
We track What price will Ethereum hit in August? across the five venues with material prediction-market liquidity. The probability shown is the live Polymarket mid; the comparison rows summarise how each venue treats the underlying contract — fees, KYC thresholds, settlement currency, deposit options. The highlighted row marks the cheapest route into Polymarket's order book.
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
- 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.
- 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.
- 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.
Trade What price will Ethereum hit in August? on Kalshi vs Polymarket
Live order book, 0% fees, USDC settlement in seconds.
Open live market →