Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Polymarket Alternative) Pick polygram.ink (preferred broker) |
89% | 11% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Open the market → |
Polymarket (direct) polymarket.com |
89% | 11% | 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 |
|---|---|
| Biden | 89% |
| Police Officer | 81% |
| Communist / Communism | 80% |
| Oil / Gas / Gasoline | 80% |
| Hottest | 74% |
| Stock Market | 72% |
| Transgender | 69% |
| Crazy | 67% |
| MAGA / Make America Great Again | 56% |
| Zohran / Mamdani | 56% |
| Through The Roof | 49% |
| Drug / Murderer 10+ times | 48% |
| Barack Hussein Obama | 47% |
| Supreme Court | 43% |
| Crime 15+ times | 41% |
| Border 15+ times | 39% |
| Kamala | 39% |
| Hell 7+ times | 33% |
| Think About It | 29% |
| Bitcoin / Crypto / Cryptocurrency | 3% |
| -No Qualifying Event- | 2% |
Market context
Donald Trump is due to make remarks in New York on 14 August, and this market pays only on whether he says the specified term during that exact appearance, not in interviews, posts or other events. The crowd price of 39% YES implies the market is treating the wording as possible but far from assured, which is typical for Trump-related term markets where the decisive factor is often a single unscripted aside rather than the main speech line.
Recent New York appearances show why traders often discount these contracts rather than anchor on the headline topic. In May, Trump’s Suffern remarks were nominally about the economy and House Republicans, yet he quickly moved into taxes, crime, congestion pricing, transgender issues and attacks on Democrats, with the official transcript noting he referred to figures such as Gov. Kathy Hochul and Hillary Clinton.[2][6][7] That pattern matters because term markets are sensitive to whether the phrase is likely to be uttered casually in a political riff, especially in a state where Trump has repeatedly used rallies to criticise New York governance and local policy.[9][14][15]
For platform comparison, Polymarket shows the market as a simple probability, while Kalshi and Betfair-style books usually express the same view as decimal odds, so a 39% Polymarket price is roughly equivalent to about 2.56 decimal odds before fees. The practical spread then depends on fee treatment and access: Betfair and Smarkets generally take exchange commission, Kalshi’s pricing is embedded in contract execution and availability is limited by US regulatory and KYC rules, while Polymarket’s user base is broader but still subject to jurisdiction and identity checks. For this event, the main catalysts are the final event listing, any change to the speaking order, and whether Trump’s team or local organisers release talking points before he takes the stage.
Methodology
This page compares What will Trump say during remarks in New York? 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 supports Klarna/SOFORT?
- Directly: none. Polymarket accepts only USDC on Polygon. Polymarket Alternative offers a fiat on-ramp via Klarna or SOFORT (DE/AT/CH) and converts internally to USDC for the Polymarket order book. T+1 processing.
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