Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Kalshi UK) Pick polygram.ink (preferred broker) |
73% | 27% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Live odds → |
Polymarket (direct) polymarket.com |
73% | 27% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | Live odds → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | Live odds → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | Live odds → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | Live odds → |
Outcome probabilities
Current market-implied probability for each outcome, from the live order book.
| Outcome | Probability |
|---|---|
| United Russia (ER) | 73% |
| New People (NL) | 20% |
| Liberal Democratic Party of Russia (LDPR) | 5% |
| Communist Party of the Russian Federation (KPRF) | 2% |
| Yabloko | 1% |
| A Just Russia – For Truth (SRZP) | 0% |
| Rodina | 0% |
| Civic Platform (GP) | 0% |
| Other | 0% |
| Party B | 0% |
| Party C | 0% |
| Party D | 0% |
| Party E | 0% |
| Party F | 0% |
| Party G | 0% |
| Party H | 0% |
| Party I | 0% |
| Party J | 0% |
| Party K | 0% |
| Party L | 0% |
| Party M | 0% |
| Party N | 0% |
| Party O | 0% |
| Party P | 0% |
| Party Q | 0% |
| Party R | 0% |
| Party S | 0% |
| Party T | 0% |
| Party U | 0% |
| Party V | 0% |
| Party W | 0% |
| Party X | 0% |
| Party Y | 0% |
| Party Z | 0% |
Market context
Polymarket prices this contract at about **69% YES**, implying the market expects a clear winner in the race for the most seat gains in Russia’s 2026 State Duma election. The event settles in **USDC** on **Polygon** through conditional tokens, so traders are effectively pricing the seat-change outcome rather than simple vote share, with the final call driven by the official seat totals and the market’s tie-break rules.
The historical lens matters because Russia’s State Duma has long been shaped by a dominant incumbent and a fragmented opposition. Current polling and seat projections still point to **United Russia** as the largest force by a wide margin, with WCIOM-based projections showing it on **201 seats**, ahead of LDPR on **73**, New People on **71**, KPRF on **66** and A Just Russia – For Truth on **39**.[1] Separate projection models also continue to place United Russia well ahead of rivals, which helps explain why the contract is trading heavily towards a single-party gain outcome rather than a broad field.[3][4]
For traders, the main catalysts are the formal election timetable, candidate registration, and any changes to the constituency map or voting rules before September 2026. The election is scheduled for **18–20 September 2026**, with **450 seats** at stake in the State Duma, including party-list and single-member contests.[6][11] Poll shifts matter less than in competitive systems, but updated projections, Kremlin signalling on district boundaries, and any reporting on the handling of occupied territories or opposition participation can move expectations on which party ends up with the largest net seat increase.[8][11]
Methodology
We track Which party will gain most seats in Russian Parliamentary Election? 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
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.
UK Frequently Asked Questions
- 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.
- 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.
- Is Polymarket legal in the UK?
- Polymarket is accessible to UK traders but is not UKGC-licensed. It operates under US CFTC jurisdiction. UK residents face no domestic legal prohibition on using it, but UKGC consumer protections do not apply. For UKGC-regulated alternatives, Betfair Exchange and Smarkets offer similar prediction-style markets.
- Do I pay tax on prediction market profits in the UK?
- UKGC-licensed platform profits (Betfair, Smarkets) are typically tax-free gambling winnings for UK individuals. Polymarket profits involve USDC crypto transactions, which HMRC treats as Capital Gains Tax events. Keep full transaction records and report via Self Assessment if gains exceed £3,000 per tax year.
- How do I deposit on Polymarket from the UK?
- UK traders typically fund Polymarket via Coinbase UK, Kraken or Revolut — buying USDC with GBP and transferring to a Polygon-compatible wallet (MetaMask, Coinbase Wallet). Polymarket's onboarding walks you through the bridging process. Typical GBP-to-USDC conversion costs 0.5–1%.
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