Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Is Kalshi Legit) Pick polygram.ink (preferred broker) |
58% | 42% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | See live odds → |
Polymarket (direct) polymarket.com |
58% | 42% | 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 |
|---|---|
| July 9 | 58% |
| July 14 | 13% |
| July 8 | 6% |
| July 7 | 5% |
| July 10 | 5% |
| July 28 | 5% |
| July 16 | 3% |
| July 11 | 2% |
| July 23 | 2% |
| Not released before August | 2% |
| July 12 | 1% |
| July 13 | 1% |
| July 15 | 1% |
| July 17 | 1% |
| July 19 | 1% |
| July 20 | 1% |
| July 22 | 1% |
| July 24 | 1% |
| June 24 or earlier | 0% |
| June 25 | 0% |
| June 26 | 0% |
| June 27 | 0% |
| June 28 | 0% |
| June 29 | 0% |
| June 30 | 0% |
| July 1 | 0% |
| July 2 | 0% |
| July 3 | 0% |
| July 4 | 0% |
| July 5 | 0% |
| July 6 | 0% |
| July 18 | 0% |
| July 21 | 0% |
| July 25 | 0% |
| July 26 | 0% |
| July 27 | 0% |
| July 29 | 0% |
| July 30 | 0% |
| July 31 | 0% |
Market context
OpenAI previewed GPT‑5.6 Sol, Terra and Luna on 26 June 2026 to a small group of trusted partners via the API and Codex, but has not announced a general‑availability date for the public [1][6]. The market resolves on the date (ET) the model becomes available to the general public, meaning the current 0% YES probability reflects that broad access has not yet occurred despite the preview launch [1][4].
Historical precedent shows that OpenAI typically moves from limited preview to public rollout within weeks, as seen with GPT‑5.5 and earlier iterations, yet the absence of a confirmed GA date keeps the market at zero until that milestone is met [2][6]. Comparable cases indicate that a “public release” requires self‑service access outside a closed beta, which aligns with Kalshi’s verification standard for this market type [5].
Traders should watch OpenAI’s deployment safety hub for a system card announcement and any Codex version‑bump logs that signal public access, as these have historically preceded GA launches [2][3]. The company states it plans to make GPT‑5.6 generally available “in the coming weeks,” so a release before the 31 July 2026 settlement window remains plausible if capacity expands [1][7]. Regulatory framing matters here: German GlüStV may treat unlicensed prediction markets as non‑compliant, while US CFTC reach extends to contracts tied to US‑based tech releases; the “no‑KYC up to $1,500” threshold on iskalshilegit.com improves accessibility for users below that limit but does not alter the underlying compliance obligations [5].
Methodology
This overview of GPT-5.6 released on 2026? reviews the four comparable platforms from a regulatory perspective: which is accessible in your jurisdiction, where KYC kicks in, how the platform is classified by your country of residence. Live probability is the Polymarket mid; comparison columns show regulatory status, KYC thresholds and settlement options for each platform.
Resolution & payout
On Polymarket, resolution runs on-chain via UMA Optimistic Oracle. USDC payout is instant and automatic, with no KYC. Tax treatment depends on your jurisdiction — in the US, gains are usually ordinary income; in the UK, often capital gains. Consult a tax professional for your situation.
FAQ
- Do I need to KYC for Is Kalshi Legit?
- Not for lifetime trading volume under $1,500. Above that threshold, a quick KYC flow kicks in — ID, selfie, approximately 5-10 minutes. The threshold matches FATF travel standards for unregulated crypto platforms.
- How are winnings taxed?
- Tax treatment varies by jurisdiction. In most countries, prediction market gains are treated as ordinary income or capital gains. We cannot provide tax advice — consult a tax professional for your specific situation.
- Are prediction markets gambling?
- Legally unclear in most jurisdictions. Some interpretations classify them as wagering (gambling regulation applies), others as derivatives (financial regulation applies). There's no global precedent specifically for on-chain prediction markets.
- Is there a withdrawal cap?
- No platform-side cap. You can withdraw any amount provided KYC is complete. SEPA bank withdrawals over €15,000 trigger additional anti-money-laundering checks (statutory obligation for all platforms).
- What if regulation changes?
- If regulation changes in your jurisdiction (e.g. prediction markets are banned), Is Kalshi Legit would geo-block the affected region and continue processing withdrawals. Your funds remain withdrawable at any time.
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