Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Polymarket Argentina) Pick polygram.ink (preferred broker) |
18% | 82% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | See live odds → |
Polymarket (direct) polymarket.com |
18% | 82% | 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 |
|---|---|
| December Meeting | 18% |
| October Meeting | 14% |
| September Meeting | 5% |
| July Meeting | 1% |
| June Meeting | 0% |
| January Meeting | 0% |
| April Meeting | 0% |
| March Meeting | 0% |
Market context
The Federal Reserve held its benchmark rate steady at 3.50%–3.75% during the June 2026 meeting, confirming a pause in the easing cycle that began in late 2025. This decision directly explains the current 0% market-implied probability for a rate cut between December 16, 2025, and the January 2026 FOMC conclusion, as the upper bound of the target range has not decreased since the December 10 cut.
Historically, the Fed has rarely cut rates within a single month of a prior reduction unless facing acute distress, a pattern evident in the three consecutive 25-basis-point cuts of September, October, and December 2025 followed by a deliberate pause. The December 2025 decision marked the third consecutive cut, yet the subsequent dot-plot shifted hawkishly, with the median year-end 2026 projection rising to 3.8%, implying limited room for further easing or even a potential hike[4][6].
Traders monitoring this contract on Polymarket should focus on the January 27–28 FOMC meeting schedule and any emergency announcements, as the market resolves only if the upper bound decreases before that date. Recent projections from Goldman Sachs suggest only two cuts in 2026, likely in March and June, further diminishing the likelihood of a January move[5]. The CME FedWatch tool recently showed the probability of a January cut dropping significantly, reinforcing the current zero-probability stance[2]. On-chain, conditional tokens for this event remain priced at zero USDC on Polygon, reflecting the consensus that no qualifying cut will occur within the narrow settlement window.
Methodology
We track Pronóstico: Fed rate cut by 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
- 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.
- What does Polymarket cost to trade?
- Polymarket itself charges 0% — the only cost is the Polygon network fee, typically under $0.01 per transaction. Off-chain venues like Kalshi or Betfair charge 2-7% commission.
- Do I need to KYC for this market?
- On Polymarket directly, no — it's wallet-based. Intermediary brokers like Polymarket Argentina 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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