Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Polymarket Alternative) Pick polygram.ink (preferred broker) |
100% | 0% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Open the market → |
Polymarket (direct) polymarket.com |
100% | 0% | 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 |
|---|---|
| ↓ 60,000 | 100% |
| ↓ 59,000 | 100% |
| ↓ 58,000 | 13% |
| ↓ 57,000 | 3% |
| ↑ 61,000 | 2% |
| ↓ 56,000 | 2% |
| ↑ 63,000 | 1% |
| ↑ 62,000 | 1% |
| ↓ 55,000 | 1% |
| ↑ 68,000 | 0% |
| ↑ 67,000 | 0% |
| ↑ 66,000 | 0% |
| ↑ 65,000 | 0% |
| ↓ 54,000 | 0% |
| ↑ 64,000 | 0% |
| ↓ 53,000 | 0% |
Market context
The real-world event is the actual market price of Bitcoin at the close of trading on 28 June 2026, a figure that will determine the settlement of prediction contracts across global platforms. On Polymarket, traders currently assign a 100% probability to Bitcoin landing between £58,000 and £60,000, while the "<£56,000" outcome sits at 0% [1]. This contrasts sharply with Robinhood’s crypto market, where odds for "£60,000 or above" trade at 88¢, implying a significant divergence in implied probability versus decimal odds between the two books [8].
Historical volatility frames this current certainty; Bitcoin peaked at $126,198 in October 2025 before retreating to roughly $60,074 in early 2026, oscillating between $65,000 and $73,000 through March [7]. Recent data shows the price at $59,943 on 28 June 2026, aligning closely with Polymarket’s frontrunner [5]. While Changelly forecasts a minimum of $60,674 for June, the actual spot price has already dipped slightly below this technical floor, suggesting the market’s 100% confidence in the £58k–£60k band may be overly rigid given the asset’s erratic nature [4].
Traders should monitor the Federal Reserve’s interest rate schedule and any pending US cryptocurrency legislation, as these dependencies often trigger sharp price swings. Fortune reported Bitcoin at $73,459 on 28 May 2026, a drop of nearly $2,000 from the previous day, highlighting the sensitivity to macroeconomic shifts [3]. Platforms diverge here: Kalshi and Betfair typically require full KYC and offer decimal odds, whereas Polymarket allows non-custodial trading with implied probabilities and lower fees, creating distinct liquidity pools for the same underlying event [1].
Methodology
This page compares What price will Bitcoin hit on June 28? 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
Settlement is the biggest difference between the four platforms: Polymarket on-chain in USDC (instant), Kalshi USD via CFTC (T+1), Betfair and Smarkets in local currency via bank withdrawal (T+1 to T+3). On-chain settlement clears in minutes — the fastest payout path of the four.
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.
- Is Betfair a Polymarket alternative?
- Only partially. Betfair Exchange is UK-focused with a sports-betting emphasis; they have politics markets but with thinner liquidity than Polymarket. Settlement in GBP/EUR, 2-5% commission on winnings.
- 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.
- Are all these platforms regulated?
- No. Kalshi is CFTC-regulated (US). Betfair and Smarkets are UK Gambling Commission licensed. Polymarket operates without explicit regulation — a different risk profile than a regulated sportsbook.
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