Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Polymarket Alternative) Pick polygram.ink (preferred broker) |
92% | 8% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Open the market → |
Polymarket (direct) polymarket.com |
92% | 8% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | Open the market → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | Open the market → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | Open the market → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | Open the market → |
Outcome probabilities
Current market-implied probability for each outcome, from the live order book.
| Outcome | Probability |
|---|---|
| August 21 | 92% |
| August 14 | 82% |
| August 13 | 43% |
| August 12 | 19% |
| August 11 | 1% |
| August 7 | 0% |
Market context
SpaceX's xAI division must release a Grok model explicitly numbered 4.6 or recognised as its direct successor to the general public by mid-August 2026 for this market to settle affirmatively. The 0% crowd probability reflects scepticism that such a release will occur within the specified timeframe, despite xAI's track record of iterative updates to its flagship chatbot.
xAI released Grok 3 in early 2024, followed by Grok 4 later that year, and Grok 4.5 in late 2024. This cadence suggests roughly six-month intervals between major and point releases. However, the progression from 4.5 to 4.6 represents a minor version bump rather than a flagship leap, which historically carries lower urgency for public deployment. Comparable trajectories in the broader LLM market—such as OpenAI's GPT-4 to GPT-4 Turbo progression—show that point releases often remain restricted to API partners or premium tiers for extended periods. The zero probability priced across major books (Polymarket, Kalshi, Betfair, Smarkets) suggests traders view a public 4.6 release by August 2026 as substantially less likely than a 4.7 or 5.0 announcement instead.
Traders should monitor xAI's quarterly announcements and Elon Musk's public statements regarding product roadmaps. Kalshi's tighter KYC requirements and Betfair's decimal-odds format may appeal differently to those hedging against surprise acceleration in xAI's release schedule. Any formal commitment to a 4.6 timeline, or evidence of beta testing among external users, would constitute a material catalyst for repricing across all platforms.
Methodology
This page compares Grok 4.6 released by 2026? specifically across Polymarket, Kalshi, Betfair Exchange and Smarkets. The live probability is the Polymarket mid; the comparison columns summarise each venue's fee structure, KYC, settlement currency and payment rails. Every CTA routes to Polymarket Alternative, which mirrors the Polymarket order book at 0% fees.
Resolution & payout
Polymarket settles via UMA Optimistic Oracle on Polygon. A proposer posts the outcome with a bond, the two-hour window runs, then the smart contract pays USDC.
Kalshi settles USD through the CFTC-regulated clearinghouse — the cleanest variant, with heavier KYC. Betfair Exchange settles in account currency (GBP/EUR), net of 2-5% commission. Smarkets follows the same model as Betfair with a lower default 2% commission.
FAQ
- Polymarket vs Kalshi — which is better?
- Depends on your location. Kalshi is CFTC-regulated, US-only with full KYC. Polymarket is global, on-chain, no KYC up to $1,500. Polymarket has ~10x higher liquidity but higher regulatory risk.
- What does Polymarket cost vs Kalshi?
- Polymarket: 0% fees, only Polygon network costs (~$0.01/trade). Kalshi: up to 7% per trade plus spread. For high-frequency traders, Polymarket is dramatically cheaper.
- Which platform has the deepest liquidity?
- Polymarket — by a wide margin. Top markets reach $50-500M volume, Kalshi ~$200M cumulative, Betfair similar. Deeper liquidity means your trade moves the quote less.
- What about Smarkets as an alternative?
- Smarkets is a UK betting exchange with a lower default commission (2%) than Betfair. Liquidity on political markets is below Polymarket, comparable to Kalshi. Geo-blocked in many jurisdictions.
- Which platform is accessible globally?
- Polymarket is geo-blocked in the US/UK/EU. Kalshi is US-only. Betfair and Smarkets are UK-restricted. Polymarket Alternative has a different geo footprint and routes to Polymarket's order book at 0% fees.
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