Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Kalshi Fees) Pick polygram.ink (preferred broker) |
98% | 2% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Place a position → |
Polymarket (direct) polymarket.com |
98% | 2% | 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.
| Outcome | Probability |
|---|---|
| Crowley <1% | 98% |
| Other | 50% |
| Hong 1–2% | 1% |
| Crowley 1–2% | 1% |
| Crowley 2–3% | 1% |
| Crowley 3–4% | 1% |
| Hong 6%+ | 0% |
| Hong 5–6% | 0% |
| Hong 4–5% | 0% |
| Hong 3–4% | 0% |
| Hong 2–3% | 0% |
| Hong <1% | 0% |
| Crowley 4–5% | 0% |
| Crowley 5–6% | 0% |
| Crowley 6%+ | 0% |
Market context
Wisconsin's Democratic primary for governor takes place on 11 August 2026, with the winner determined by simple plurality. This market brackets the margin of victory into discrete ranges, allowing traders to isolate conviction around competitive versus decisive outcomes. The settlement mechanism divides the vote-share gap between first and second place by their combined total, creating a percentage-point spread that filters out third-place effects and focuses purely on the top-two separation.
Historical Democratic primaries in Wisconsin show considerable variation in competitive intensity. The 2018 gubernatorial primary saw Tony Evers defeat Kelda Roys by roughly 8 percentage points in a three-candidate field; the 2022 Senate primary between Mandela Barnes and Tom Nelson produced a tighter 3-point margin. These precedents suggest Wisconsin Democratic electorates can produce both decisive and narrow outcomes depending on candidate profile, turnout composition, and late-stage consolidation. Traders evaluating this market should model scenarios around whether a sitting governor (if Evers seeks re-election) faces primary challenge, or whether an open seat triggers multi-candidate fragmentation.
Key catalysts include formal candidate declarations, typically occurring in spring 2026, and any major endorsement patterns from labour unions or party establishment figures. Polling releases from established Wisconsin firms will provide directional signals on field consolidation. Traders using conditional orders or algorithmic monitoring should flag announcement dates from the Democratic Party of Wisconsin and track whether any candidate gains outsized media attention in the six months preceding the primary, as late momentum shifts have historically compressed margins in Midwestern Democratic contests.
Methodology
This page is a comparison snapshot: one live quote, four reference venues with their key attributes, and a single execution path — every trade button routes to Kalshi Fees, which mirrors the Polymarket order book directly.
Resolution & payout
Polymarket-based markets settle through the UMA Optimistic Oracle on Polygon. A proposer submits the outcome, a two-hour challenge window opens, and unchallenged proposals finalise the resolution. Payouts settle automatically in USDC the moment the result is final — no bookmaker, no delay.
Kalshi-based markets settle in USD via the CFTC-regulated clearinghouse. Betfair Exchange settles in GBP/EUR net of commission. Manifold is play-money and does not pay out real funds.
FAQ
- Where can I trade this market with the lowest fees?
- Polymarket is geo-blocked in the US/UK/EU. The easiest 0%-fee broker into the same order book is Kalshi Fees. Kalshi charges up to 7% per trade; Betfair Exchange takes 2-5% commission on net winnings.
- 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.
- 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.
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