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Fed decisions (Apr-Jul)

How the prediction-market book is pricing "Fed decisions (Apr-Jul)" right now, with a side-by-side platform comparison and zero-fee CTAs.

Pause–Pause–Pause 86% Other 12% Pause–Pause–Cut 1% Cut–Pause–Pause 0% Volume: $282K Liquidity: $271K Closes: 29 Jul 2026
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Fed decisions (Apr-Jul)

Platform comparison

PlatformYES oddsNO oddsFeeKYCSettlement
Polymarket (via Kalshi Fees) Pick
polygram.ink (preferred broker)
 86% 14% 0% (USDC on-chain) No-KYC up to $1,500 USDC, auto via UMA oracle Place a position →
Polymarket (direct)
polymarket.com
 86% 14% 0% Geo-blocked in US/UK/EU USDC, on-chain Place a position →
Kalshi
kalshi.com
 — — Up to 7% per trade US-only, KYC required USD Place a position →
Betfair Exchange
betfair.com
 — — 2-5% commission Full KYC from first trade GBP / EUR Place a position →
Manifold Markets
manifold.markets
 — — Play-money (mana) None — play-money Mana (no cash-out) Place a position →

Outcome probabilities

Current market-implied probability for each outcome, from the live order book.

OutcomeProbability
Pause–Pause–Pause86%
Other12%
Pause–Pause–Cut1%
Cut–Pause–Pause0%
Cut–Pause–Cut0%
Cut–Cut–Pause0%
Cut–Cut–Cut0%
Pause–Cut–Pause0%
Pause–Cut–Cut0%

Market context

Live Polymarket data shows 86% YES probability for Fed decisions (Apr-Jul). The FED interest rates are defined in this market by the upper bound of the target federal funds rate. The decisions on the target federal funds rate are made by the Federal Open Market Committee (FOM…

Methodology

This page reviews Fed decisions (Apr-Jul) across five venues. The live probability is the Polymarket mid-price, sourced directly from the on-chain Polygon order book; the comparison columns benchmark each venue on fee structure, KYC, settlement currency and payment rails. Every CTA routes to Kalshi Fees, which mirrors the Polymarket order book at 0% fees.

Resolution & payout

At resolution the UMA oracle takes over: a proposer posts the outcome with a bond, any token holder can dispute within two hours. Without dispute the result is accepted and the smart contract distributes USDC instantly.

On Kalshi (CFTC-regulated) resolution runs through their in-house clearing engine in USD. Betfair Exchange settles after match end in the account's local currency. Manifold pays no cash — only its in-platform "mana" currency.

FAQ

Is this market available outside the US?
Polymarket itself is geo-blocked in the US/UK/EU. Always check the legal status of prediction markets in your jurisdiction before trading.
What's the difference between YES and NO shares?
A YES share pays $1.00 if the event happens, $0 otherwise. A NO share pays $1.00 if the event doesn't happen. The market price between 0¢ and 100¢ is the implied probability.
What does Polymarket cost to trade?
Polymarket itself charges 0% — the only cost is the Polygon network fee, typically under $0.01 per transaction. Off-chain venues like Kalshi or Betfair charge 2-7% commission.
Do I need to KYC for this market?
On Polymarket directly, no — it's wallet-based. Intermediary brokers like Kalshi Fees trigger KYC only above $1,500 of lifetime trading volume; under that you trade pseudonymously with a single wallet address.
How reliable are the quoted odds?
The YES/NO percentages are the live mid-prices of the Polymarket order book. On deep markets they move every few seconds; on thinner ones you'll see short plateaus.
Alex ChenAlex ChenPrediction Market AnalystandJordan LeeJordan LeeSports Prediction Reporter

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