Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
PolyGram Pick polygram.ink |
6% | 94% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Open on PolyGram → |
Polymarket polymarket.com |
6% | 94% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | Open on PolyGram → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | Open on PolyGram → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | Open on PolyGram → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | Open on PolyGram → |
Live odds for Polymarket-based markets come from the Polygon order book. Non-Polymarket venues show attributes only; clicking any row opens the market on PolyGram.
Active sub-markets
| Alex Pereira | 6% YES | 94% NO |
| Magomed Ankalaev | 13% YES | 87% NO |
| Khalil Rountree Jr. | 2% YES | 98% NO |
| Azamat Murzakanov | 1% YES | 99% NO |
| Volkan Oezdemir | 7% YES | 93% NO |
| Bogdan Guskov | 9% YES | 91% NO |
Market context
The UFC Light Heavyweight division championship will be held by a single recognised titleholder on 31 December 2026. The current champion, Jon Jones, has held the belt since defeating Alexei Oleinik in March 2023, though he has faced extended periods away from competition. An 11% crowd probability suggests traders expect either a vacant title at year-end or a champion other than the current frontrunner to hold the belt by that date. Settlement depends on official UFC records as of 12:00 PM ET on the final day of 2026; interim title holders will not satisfy resolution criteria.
Historical championship transitions in the light heavyweight division show extended title reigns interspersed with injury-driven vacancies. Between 2018 and 2023, the division saw four different recognised champions, with injuries and suspensions creating gaps where no official champion existed. The current 11% probability reflects uncertainty about whether Jones will remain active and undefeated through 2026, or whether a challenger will emerge victorious. Comparable divisions have experienced vacant belts lasting six to eighteen months, a material risk factor for this market's outcome.
Traders should monitor Jones's fight schedule announcements and injury reports, particularly given his history of extended absences. The UFC's 2026 championship fight calendar, typically announced in Q4 of the preceding year, will clarify whether title defences are scheduled. Recent reporting from MMA Junkie and official UFC statements will signal whether Jones faces mandatory challengers or if the division enters a transitional period. Regulatory accessibility varies by jurisdiction: German traders face GlüStV restrictions on prediction markets, whilst US traders under CFTC oversight should verify their platform's compliance status. Markets under £1,500 notional value typically operate without KYC requirements in certain jurisdictions, though this does not constitute legal guidance.
Methodology
We track Who will be UFC Light Heavyweight champion at the end of 2026? on the five venues with material liquidity for prediction markets. Live odds come from the Polymarket Polygon order book — the only source that ships real-time data under an open licence. For Kalshi, Betfair and Manifold we list platform attributes (fee, KYC, settlement, payment) instead of fabricated odds, because their APIs use non-comparable contract definitions.
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
- Where can I trade this market with the lowest fees?
- On PolyGram, which mirrors the Polymarket order book at 0% fees. Kalshi charges up to 7% per trade; Betfair Exchange takes 2-5% commission on net winnings.
- 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 it cost to trade on PolyGram?
- Zero. PolyGram routes every order to the live Polymarket order book; the only cost is the Polygon network fee, typically under $0.01 per transaction.
- 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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