Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Polymarket Qué Es) Pick polygram.ink (preferred broker) |
55% | 45% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | See live odds → |
Polymarket (direct) polymarket.com |
55% | 45% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | See live odds → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | See live odds → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | See live odds → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | See live odds → |
Market context
Polymarket is pricing this contract at **55% YES**, so traders are currently leaning towards at least one Fed hike before the December 2026 meeting closes the settlement window. On Polymarket, that view is expressed with **USDC** on **Polygon**, via conditional tokens that pay out if the Federal Reserve lifts the upper bound of the target federal funds rate at any point in 2026, including after the final meeting itself once the decision is published.[9]
That probability sits against a year in which the Fed has already shifted its own guidance towards a tighter stance. In June, officials held rates steady but the dot plot showed a median year-end 2026 funds rate of 3.8%, implying at least one hike from the current 3.50%–3.75% range, and Reuters reported that nine of 19 policymakers saw a 2026 increase as necessary.[2][6] Futures pricing in the Fed’s July Monetary Policy Report also pointed to rates around 4% by year-end, while several large banks still see the Fed staying on hold through 2026, which helps explain why the market is not priced closer to certainty.[3][1][12]
For traders, the main catalysts are the remaining FOMC dates and any inflation surprises that shift the balance between price stability and growth. The Fed’s official meeting calendar shows the key decision dates, and the contract cannot resolve to No until the December meeting decision is published, so the final announcement matters as much as the path into it.[9] July coverage from Reuters and CNBC tied rising inflation pressure and firmer rate expectations to stronger odds of another hike, with traders and economists watching whether upcoming CPI prints reinforce that case.[7][19]
Methodology
We track Pronóstico: Fed rate hike in 2026? across the five venues with material prediction-market liquidity. The probability shown is the live Polymarket mid; the comparison rows summarise how each venue treats the underlying contract — fees, KYC thresholds, settlement currency, deposit options. The highlighted row marks the cheapest route into Polymarket's order book.
Resolution & payout
Settlement runs on-chain. Polymarket's contract logic separates YES and NO shares as conditional tokens; at resolution the winning share lifts to $1.00 and the losing one to $0. The outcome input comes from the UMA Optimistic Oracle, which secures against bad resolution with a bond + dispute window.
Once finalised, the smart contract pays USDC to the holders' wallets within minutes — no withdrawal fees beyond Polygon network gas. Kalshi settles in USD via CFTC clearance, Betfair in account currency net of commission, Manifold in play-money mana with no cash-out.
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.
- How does resolution work?
- Through the UMA Optimistic Oracle on Polygon: a proposer submits the outcome, a two-hour challenge window opens, and USDC payouts settle automatically once the result is final.
- 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.
- 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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