Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
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.
| Outcome | Probability |
|---|---|
| 35°C | 100% |
| 29°C or below | 0% |
| 30°C | 0% |
| 31°C | 0% |
| 32°C | 0% |
| 33°C | 0% |
| 34°C | 0% |
| 36°C | 0% |
| 37°C | 0% |
| 38°C | 0% |
| 39°C or higher | 0% |
Market context
Tokyo’s highest temperature on 1 August will be set by the day’s peak reading at Haneda Airport, so the market is really about whether the city gets an ordinary hot-summer high, or a more pronounced heat spike before the settlement window closes at 12:00 UTC. Tokyo’s August climatology is already warm, with typical highs around 31°C and monthly averages in the high 20s, while recent forecasts for August 2026 have placed daily highs broadly in the low-to-mid 30s Celsius. [11][1][2]
A 0% implied probability for the current range should be read against the fact that Tokyo has a long history of summer heat, including an all-time August high of 37.3°C in the historical record cited for the city. That means even if the market is currently pricing in an extremely mild outcome, the base rate for early-August Tokyo is still comfortably above the low 20s, and hotter-than-average days are common enough that a single weather shift can move the eventual settlement band materially. [3][11][14]
For accessibility, the venue matters as much as the forecast. If the platform is operating under German GlüStV constraints, that can affect how residents are gated, verified, or limited by local rules; in the US, CFTC reach is relevant where a platform or user falls within American regulatory jurisdiction; and “no-KYC up to $1,500” typically means smaller positions can be placed without identity checks until that threshold is hit, which improves entry for casual users but does not remove jurisdictional restrictions. The main live catalysts are the next Tokyo weather updates, any heat advisories or typhoon-related shifts in the forecast, and the actual Wunderground history page once the day’s readings begin to accumulate.
Methodology
This overview of Highest temperature in Tokyo on August 1? 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
- 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.
- Is there a withdrawal cap?
- No platform-side cap. You can withdraw any amount provided KYC is complete. SEPA bank withdrawals over €15,000 trigger additional anti-money-laundering checks (statutory obligation for all platforms).
- 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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