Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Polymarket Review UK) Pick polygram.ink (preferred broker) |
47% | 53% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Trade this market → |
Polymarket (direct) polymarket.com |
47% | 53% | 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 |
|---|---|
| Farage 80%+ | 47% |
| Farage 70–80% | 42% |
| Farage 60–70% | 10% |
| Farage 50–60% | 3% |
| Farage 40–50% | 2% |
| Farage <40% | 1% |
Market context
Nigel Farage announced his resignation as Member of Parliament for Clacton in early 2024, triggering a by-election that must be held within three months of the vacancy. The constituency has been represented by Farage since 2015, when he won with 62.4% of the vote—the highest share he achieved across his multiple parliamentary candidacies. His departure creates an unusual dynamic: the seat will be contested without its incumbent, yet Farage retains the option to stand again if he chooses to re-enter the race before nominations close.
Historical precedent suggests Farage's personal vote share in Clacton substantially exceeded Reform UK's broader electoral performance. In the 2024 general election, Reform secured 14.3% nationally but Farage's personal constituency result would have reflected his longstanding local dominance. By-elections involving sitting MPs' departures typically see reduced turnout and fragmented voting patterns, particularly when the original candidate's personal brand was a significant draw. Comparable cases—such as the 2022 Wakefield by-election following Chris Pincher's resignation—showed substantial swings away from the incumbent party's successor candidate.
Traders should monitor Farage's formal confirmation of candidacy status, which determines whether the market resolves to the lowest bracket or reflects actual polling. The Writ of Election date, nomination deadlines, and any public statements regarding his participation are critical trigger points. Campaign spending declarations and local polling data, if published by regional outlets, will provide granular signals on whether he contests the seat or remains absent from the ballot.
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
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.
UK Frequently Asked Questions
- 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.
- 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.
- Is Polymarket legal in the UK?
- Polymarket is accessible to UK traders but is not UKGC-licensed. It operates under US CFTC jurisdiction. UK residents face no domestic legal prohibition on using it, but UKGC consumer protections do not apply. For UKGC-regulated alternatives, Betfair Exchange and Smarkets offer similar prediction-style markets.
- Do I pay tax on prediction market profits in the UK?
- UKGC-licensed platform profits (Betfair, Smarkets) are typically tax-free gambling winnings for UK individuals. Polymarket profits involve USDC crypto transactions, which HMRC treats as Capital Gains Tax events. Keep full transaction records and report via Self Assessment if gains exceed £3,000 per tax year.
- How do I deposit on Polymarket from the UK?
- UK traders typically fund Polymarket via Coinbase UK, Kraken or Revolut — buying USDC with GBP and transferring to a Polygon-compatible wallet (MetaMask, Coinbase Wallet). Polymarket's onboarding walks you through the bridging process. Typical GBP-to-USDC conversion costs 0.5–1%.
Trade Clacton by-election: Nigel Farage Vote % on Polymarket Review UK
Live order book, 0% fees, USDC settlement in seconds.
Open live market →