Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Polymarket Review UK) Pick polygram.ink (preferred broker) |
96% | 4% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Trade this market → |
Polymarket (direct) polymarket.com |
96% | 4% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | Trade this market → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | Trade this market → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | Trade this market → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | Trade this market → |
Outcome probabilities
Current market-implied probability for each outcome, from the live order book.
| Outcome | Probability |
|---|---|
| Other | 96% |
| claude-opus-4-6-thinking | 1% |
| claude-opus-4-6 | 1% |
| claude-fable-5 | 1% |
Market context
The Arena.ai Text Arena leaderboard will determine which language model ranks highest on 1 August 2026. The settlement mechanism pulls directly from the "Overall" category with style control disabled, creating an objective technical benchmark rather than subjective evaluation. This differs from marketing claims or benchmark cherry-picking—the ranking reflects head-to-head performance across diverse text tasks as users interact with models in real time.
Historical leaderboard volatility suggests ranking shifts occur gradually rather than overnight. OpenAI's o1 and Claude 3.5 Sonnet have traded positions multiple times since late 2024, whilst newer entrants like Grok and Gemini 2.0 have climbed steadily but not dramatically. The current 2% probability reflects market confidence that whichever model leads today will maintain that position through August 2026—a two-year window where architectural improvements, fine-tuning, and competitive releases typically shuffle rankings. Comparable prediction markets on model performance have historically underestimated the staying power of established leaders, though they've also mispriced the impact of major capability jumps.
Traders should monitor scheduled model releases and capability announcements from Anthropic, OpenAI, and Google through 2025 and early 2026. Arena.ai's user voting mechanism means adoption patterns matter as much as raw capability—a model must accumulate sufficient preference votes to climb rankings. Integration announcements, API pricing changes, and context window expansions have historically triggered ranking movements. Programmatically, tracking the leaderboard weekly via the public API and correlating shifts with release dates provides early signals for position adjustments before the August settlement date.
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 Polymarket Review UK, 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 Polymarket Review UK. Kalshi charges up to 7% per trade; Betfair Exchange takes 2-5% commission on net winnings.
- 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 fast are USDC deposits?
- Polygon credits deposits after 12 confirmations — usually under 30 seconds. Withdrawals follow the same path and land back in your wallet within minutes.
- 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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