Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Polymarket Qué Es) Pick polygram.ink (preferred broker) |
99% | 1% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | See live odds → |
Polymarket (direct) polymarket.com |
99% | 1% | 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 → |
Outcome probabilities
Current market-implied probability for each outcome, from the live order book.
| Outcome | Probability |
|---|---|
| Crowley wins | 99% |
| Other | 50% |
| Hong 30%+ | 1% |
| Hong 25–30% | 0% |
| Hong 20–25% | 0% |
| Hong 15–20% | 0% |
| Hong 10–15% | 0% |
| Hong 5–10% | 0% |
| Hong <5% | 0% |
| Barnes wins | 0% |
Market context
Wisconsin's Democratic primary for governor takes place on 11 August 2026, with the winner determined by plurality vote among registered Democrats. Polymarket currently prices a YES resolution (indicating a competitive race with a narrow margin) at roughly 1%, suggesting traders expect a decisive victory by one candidate over another. The conditional token structure on Polygon means positions settle in USDC once official results from the Wisconsin Elections Commission confirm the final vote tallies and margin between the top two finishers.
Historical Democratic gubernatorial primaries in Wisconsin offer limited direct precedent for competitive multi-candidate fields in recent cycles. The 2022 primary saw Tony Evers run unopposed for renomination, whilst the 2018 primary featured a crowded field but ultimately resolved with Evers securing 48.7% against scattered opposition. Comparable Midwestern Democratic gubernatorial primaries—such as Michigan's 2022 contest where Gretchen Whitmer won with 76% of the vote—suggest that incumbent-friendly dynamics or early consolidation around a frontrunner typically produce wider margins than the sub-5-point threshold this market appears to price.
Traders monitoring this contract should track candidate announcements and endorsement patterns through spring 2026, particularly from labour unions and established party figures whose backing can shift momentum in low-turnout primaries. The Wisconsin Democratic Party's official primary schedule, filing deadlines (typically in May), and any late-entry candidates will shape field composition. Recent reporting on potential challengers to any incumbent or frontrunner remains sparse, making early signals from party insiders and donor networks critical indicators of whether a genuinely competitive race materialises or whether consolidation produces the decisive outcome the current market probability reflects.
Methodology
We track Pronóstico: Wisconsin Governor Democratic Primary Margin of Victory 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
- 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 Qué Es. 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.
- 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.
- Do I need to KYC for this market?
- On Polymarket directly, no — it's wallet-based. Intermediary brokers like Polymarket Qué Es trigger KYC only above $1,500 of lifetime trading volume; under that you trade pseudonymously with a single wallet address.
- 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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