Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Polymarket Qué Es) Pick polygram.ink (preferred broker) |
1% | 99% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | See live odds → |
Polymarket (direct) polymarket.com |
1% | 99% | 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
The Strait of Hormuz remains effectively closed, with commercial shipping suspended after a brief reopening in late April 2026 failed to hold [3]. Normal traffic requires a 7-day moving average of at least 60 daily transit calls, yet recent data shows averages hovering near 32 ships, far below the threshold needed for this contract to resolve YES [6]. With the crowd-implied probability at just 1%, the market reflects the stark reality that the waterway is currently blocked, forcing vessels to reroute via the Cape of Good Hope and adding up to 14 extra transit days [3].
Historically, such closures in critical chokepoints rarely resolve to normalcy within weeks unless a major geopolitical deal is signed. The previous surge to 25 vessels occurred only after a specific agreement halted the US-Iran war, temporarily reopening the route before it closed again the following day [2]. Without a comparable high-level diplomatic breakthrough, the 1% pricing aligns with the pattern of volatility where brief reopenings quickly collapse, leaving the strait shut and economic costs exceeding $4 billion daily [3].
Traders must monitor official announcements regarding mine clearance operations, which are cited as a primary delay to restarting full traffic [4]. Key catalysts include any new US-Iran diplomatic schedules or IMF Portwatch data releases confirming sustained transit numbers above 60 ships. Until the IMF publishes a 7-day average meeting the criteria, the on-chain conditional tokens on Polygon will remain heavily weighted toward the NO outcome, with USDC liquidity reflecting the near-zero chance of a July 15 resolution [5].
Methodology
This page reviews Pronóstico: Strait of Hormuz traffic returns to normal by July 15? across five venues. The live probability is the Polymarket mid-price, sourced directly from the on-chain Polygon order book; the comparison columns benchmark each venue on fee structure, KYC, settlement currency and payment rails. Every CTA routes to Polymarket Qué Es, which mirrors the Polymarket order book at 0% fees.
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.
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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