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Highest temperature in Seoul (Incheon) on August 11?

"Highest temperature in Seoul (Incheon) on August 11?" — odds, fees, regulatory status. Polymarket Tax UK as a Polymarket alternative.

32°C 92% 33°C 9% 34°C 2% 27°C or below 0% Volume: $93K Liquidity: $129K Closes: 11 Aug 2026
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Highest temperature in Seoul (Incheon) on August 11?

Platform comparison

PlatformYES oddsNO oddsFeeKYCSettlement
Polymarket (via Polymarket Tax UK) Pick
polygram.ink (preferred broker)
92% 8% 0% (USDC on-chain) No-KYC up to $1,500 USDC, auto via UMA oracle Trade this market →
Polymarket (direct)
polymarket.com
92% 8% 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.

OutcomeProbability
32°C92%
33°C9%
34°C2%
27°C or below0%
28°C0%
29°C0%
30°C0%
31°C0%
35°C0%
36°C0%
37°C or higher0%

Market context

Seoul's peak temperature on 11 August 2026 will be recorded at Incheon International Airport Station and measured in degrees Celsius. The market resolves to the temperature band containing the highest reading from the Daily Observations table on Weather Underground, with that source taking precedence over summary figures. Settlement occurs at 12:00 UTC on the day itself, meaning traders have until early afternoon Seoul time to assess final conditions.

Historical August temperatures at Incheon show a median high around 29–31°C, with extremes reaching 34–35°C during heat waves and occasional dips to 26–27°C during monsoon influence. The 0% crowd probability suggests either extreme confidence in a specific narrow range or sparse trading activity. Comparable East Asian airport stations exhibit similar volatility; Seoul's August weather is shaped by the Pacific high-pressure system and occasional tropical moisture from the Western Pacific, making mid-range outcomes (29–32°C) statistically more frequent than outliers.

Traders should monitor the Korea Meteorological Administration's forecasts from early August, which typically issue 10-day outlooks by 5 August. Typhoon activity in the Western Pacific during late July can shift Seoul's weather patterns significantly; any tropical system tracking toward the Korean Peninsula would suppress temperatures. Real-time satellite imagery and upper-air patterns become critical in the final 48 hours. The market's reliance on Incheon station data—rather than central Seoul readings—means airport-specific microclimates (proximity to water, urban heat island effects) will determine settlement, not broader city conditions.

Methodology

This overview of Highest temperature in Seoul (Incheon) on August 11? reviews the four comparable platforms from a regulatory perspective: which is accessible in your jurisdiction, where KYC kicks in, how the platform is classified by your country of residence. Live probability is the Polymarket mid; comparison columns show regulatory status, KYC thresholds and settlement options for each platform.

Resolution & payout

On Polymarket, resolution runs on-chain via UMA Optimistic Oracle. USDC payout is instant and automatic, with no KYC. Tax treatment depends on your jurisdiction — in the US, gains are usually ordinary income; in the UK, often capital gains. Consult a tax professional for your situation.

UK Frequently Asked Questions

Is Polymarket legal in my country?
Polymarket is geo-blocked in the US/UK/EU. Actual usage via the Polymarket interface is not possible there. The legal status itself varies — many countries treat prediction markets as a gray area. Polymarket Tax UK has a different geo footprint.
Is Polymarket regulated by the UKGC?
No. Polymarket is not licensed by the UK Gambling Commission (UKGC). It is a decentralised prediction market operated under US regulation. UK traders can use it but do not benefit from UKGC dispute resolution or player protection requirements.
What are the HMRC tax rules on Polymarket profits for UK traders?
Polymarket profits are treated as cryptocurrency disposal events by HMRC. Each USDC settlement is a taxable event subject to Capital Gains Tax (CGT). For 2026/27, the CGT rate is 18% (basic rate) or 24% (higher rate). The annual CGT exemption is £3,000. Report via HMRC Self Assessment if your total crypto gains exceed £3,000 or proceeds exceed £50,000.
Does Polymarket KYC apply to UK users?
Yes. Polymarket requires KYC (Know Your Customer) verification for all users, including UK residents. You must provide a government-issued photo ID and a selfie. The process typically takes 5–10 minutes via their ID verification provider.
What is the legal difference between Polymarket and Betfair Exchange for UK traders?
Betfair Exchange is UKGC-licensed, meaning UK consumer protections apply and winnings are typically tax-free. Polymarket is not UKGC-licensed — it operates under decentralised blockchain rules. Profits from Polymarket are subject to HMRC CGT as crypto disposals. Choose based on your regulatory preference and tax situation.
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