Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Polymarket Scam?) Pick polygram.ink (preferred broker) |
35% | 65% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Place a position → |
Polymarket (direct) polymarket.com |
35% | 65% | 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 |
|---|---|
| June 30, 2027 | 35% |
| December 31 | 6% |
| September 30 | 1% |
| July 15 | 0% |
| February 28 | 0% |
| March 31 | 0% |
Market context
Samuel Alito, the Supreme Court's most senior conservative justice at 74 years old, has not signalled any intention to step down from the bench. The 2% implied probability on Polymarket reflects the market's assessment that an announcement by end of 2026 remains a low-probability event. On-chain, traders are pricing roughly 1 USDC per 50 YES tokens, with conditional token mechanics on Polygon allowing positions to be held or exited as new information surfaces.
Historical precedent suggests sitting justices rarely announce retirements under pressure or during politically charged periods. David Souter retired in 2009 after 19 years on the bench; John Paul Stevens waited until age 90 in 2010. Anthony Kennedy's 2018 departure came after 30 years and was announced in June of that year. Alito authored the Dobbs decision overturning Roe v. Wade in 2022, cementing his position as a central figure in the conservative majority. No recent reporting indicates health concerns or personal circumstances that would prompt an imminent exit.
The primary catalyst traders should monitor is Alito's health status and any statements from the Court regarding the 2026–2027 term composition. The Supreme Court typically announces retirements in late spring or early summer, aligning with the end of the annual term. Political dynamics matter less than personal circumstances; justices have historically resisted departing during administrations they oppose. Unless credible reporting emerges about Alito's wellbeing or explicit retirement plans, the low probability reflects rational market pricing given the absence of concrete signals.
Methodology
Methodologically we separate two layers: the live probability (Polymarket mid-price) and the platform attributes (fee, KYC, settlement currency, payment rails). That keeps the comparison honest — a single canonical probability across the row, with the venue-by-venue trade-offs spelt out in the columns next to it.
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 Scam?. 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.
- 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%.
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