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Highest temperature in Seoul on July 21?

"Highest temperature in Seoul on July 21?" — odds, fees, regulatory status. Polymarket Tax UK as a Polymarket alternative.

27°C 100% 21°C or below 0% 22°C 0% 23°C 0% Volume: $216K Liquidity: $231K Closes: 21 Jul 2026
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Highest temperature in Seoul on July 21?

Platform comparison

PlatformYES oddsNO oddsFeeKYCSettlement
Polymarket (via Polymarket Tax UK) Pick
polygram.ink (preferred broker)
100% 0% 0% (USDC on-chain) No-KYC up to $1,500 USDC, auto via UMA oracle Trade this market →
Polymarket (direct)
polymarket.com
100% 0% 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
27°C100%
21°C or below0%
22°C0%
23°C0%
24°C0%
25°C0%
26°C0%
28°C0%
29°C0%
30°C0%
31°C or higher0%

Market context

Seoul’s peak heat on 21 July 2026 will be measured at Incheon International Airport, with the market currently pricing a 27°C outcome at 86% probability, while 28°C holds just 10% [1]. The crowd-implied 0% YES probability for any alternative range reflects strong consensus around this specific threshold, though historical July highs in the region often fluctuate between 25°C and 33°C depending on monsoon activity and urban heat retention.

Comparable cases from 2023 and 2024 show Seoul’s July 21 highs clustering near 27–29°C, with 2023 reaching 31°C during a dry spell and 2024 dipping to 26°C amid heavy rain [1]. This volatility suggests the current 86% weighting on 27°C is plausible but not guaranteed, particularly if weather models shift toward cooler, wetter conditions ahead of settlement.

Traders should monitor the Korea Meteorological Administration’s daily forecasts and Wunderground’s real-time updates for Incheon, as sudden shifts in cloud cover or precipitation can alter the peak temperature within hours [1]. German GlüStV rules may restrict access for EU users without KYC, while US CFTC jurisdiction could affect traders above $1,500; the “no-KYC up to $1,500” clause allows smaller participants to access this weather market without identity verification, though larger positions require compliance checks.

Sources: 1

Methodology

This overview of Highest temperature in Seoul on July 21? 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.

FAQ

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.
How are winnings taxed?
Tax treatment varies by jurisdiction. In most countries, prediction market gains are treated as ordinary income or capital gains. We cannot provide tax advice — consult a tax professional for your specific situation.
What happens during a tax audit?
You're responsible for documenting your trades. Polymarket Tax UK exports a full transaction history (CSV/PDF) for tax reporting. In an audit you'll need to present these documents.
Are prediction markets gambling?
Legally unclear in most jurisdictions. Some interpretations classify them as wagering (gambling regulation applies), others as derivatives (financial regulation applies). There's no global precedent specifically for on-chain prediction markets.
What if regulation changes?
If regulation changes in your jurisdiction (e.g. prediction markets are banned), Polymarket Tax UK would geo-block the affected region and continue processing withdrawals. Your funds remain withdrawable at any time.
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