Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Kalshi vs Polymarket) Pick polygram.ink (preferred broker) |
90% | 10% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | View on Polymarket → |
Polymarket (direct) polymarket.com |
90% | 10% | 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 |
|---|---|
| December 31, 2026 | 90% |
| September 30, 2026 | 61% |
| August 31, 2026 | 21% |
| August 21, 2026 | 14% |
| August 14, 2026 | 4% |
| July 31, 2026 | 0% |
| December 31, 2025 | 0% |
| March 31, 2026 | 0% |
| August 7, 2026 | 0% |
| June 30, 2026 | 0% |
Market context
OpenAI has not publicly announced GPT-6, and the current contract only resolves **Yes** if a model explicitly called GPT-6 is made generally available by 31 December 2025; closed testing would not count. That makes the present **0%** crowd price broadly consistent with the calendar: the market is already beyond the settlement window, so any tradeable residual value would be driven by contract error rather than release expectations.
The closest analogue is GPT-5.5, which shipped on 23 April 2026 after market chatter had treated it as a possible GPT-6 precursor, but OpenAI released it under a different name instead.[1][14] That kind of nomenclature risk matters here: traders betting on a numbered launch need a product with the exact public label, not merely the next major model. Comparable commentary across trackers has also pushed a true GPT-6 release into late 2026 or 2027, with some sources noting no official architecture, pricing, or launch date and others citing only closed-preview possibilities.[4][7][17]
For catalysts, the main variables are formal OpenAI announcements, model-catalog updates, and any rollout language that distinguishes public availability from private preview or enterprise testing. Recent write-ups also point to capacity and infrastructure buildout as gating factors, with public speculation repeatedly suggesting that even if GPT-6 is in development, the first visible step may be an API preview or restricted beta rather than open access.[13][15][17] On cross-platform odds, that leaves a notable gap between the market’s zero-implied probability, analyst-style estimates that still place a public GPT-6 later in 2026 or early 2027, and any sportsbook-style line would likely remain unavailable or extremely stale for a contract that has already missed its deadline.[4][7][12]
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
Settlement runs on-chain. Polymarket's contract logic separates YES and NO shares as conditional tokens; at resolution the winning share lifts to $1.00 and the losing one to $0. The outcome input comes from the UMA Optimistic Oracle, which secures against bad resolution with a bond + dispute window.
Once finalised, the smart contract pays USDC to the holders' wallets within minutes — no withdrawal fees beyond Polygon network gas. Kalshi settles in USD via CFTC clearance, Betfair in account currency net of commission, Manifold in play-money mana with no cash-out.
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.
- 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 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.
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