Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Who Will Win 2026) Pick polygram.ink (preferred broker) |
56% | 44% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | See live odds → |
Polymarket (direct) polymarket.com |
56% | 44% | 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 |
|---|---|
| United Russia (ER) | 56% |
| New People (NL) | 34% |
| Liberal Democratic Party of Russia (LDPR) | 7% |
| Communist Party of the Russian Federation (KPRF) | 2% |
| A Just Russia – For Truth (SRZP) | 0% |
| Rodina | 0% |
| Civic Platform (GP) | 0% |
| Other | 0% |
| Party A | 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
Russia will hold its first State Duma election since the war began on 18–20 September 2026, with 450 seats contested across party lists and single-member constituencies, including in occupied Ukrainian territories[2][4]. The market currently assigns a 56% probability to United Russia (ER) gaining the most seats, making it the clear favourite, while New People (NL) sits as the underdog at 33%[1]. Historically, Russian elections under the current regime have been managed procedures that reinforce the ruling party’s dominance without delivering significant political change; United Russia already holds 314 seats (70%) and is expected to retain its constitutional majority[2]. Polling trends confirm this stability, with governing parties securing 66.4% of seats and United Russia leading at 46.1% in PolitPro’s snapshot, followed by LDPR and KPRF at roughly 13% each[3]. The consensus leans heavily toward United Russia, but value may lie in contrarian angles if New People’s cautious criticism of restrictions resonates with a disillusioned, militarised electorate increasingly using war support to critique domestic management[2][5].
Traders should monitor the Central Election Commission’s final constituency adjustments, as authorities are actively reshaping single-mandate boundaries ahead of the vote—a tactic previously used to suppress opposition[9]. The election window is officially set for 18–20 September 2026, with three-day voting designed to balance commission workloads[6]. Key dependencies include how New People navigates its organisational crisis and image problems; while VCIOM places it second at 13.4%, FOM shows it trailing at just 6%, revealing volatile polling divergence[5]. Watch for announcements on whether Just Russia will be “helped across the threshold” to ensure a five-party Duma, as only 12 of nearly two dozen registered parties will participate without extra registration[2]. The ruling party’s loyalty remains strong, but its active segment is increasingly critical of corruption and bureaucracy, creating a potential value spot if New People’s faction, which votes “yes” 96.3% of the time, can mask its substance with reasonable appearances[2][5].
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
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 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.
- 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.
- Do I need to KYC for this market?
- On Polymarket directly, no — it's wallet-based. Intermediary brokers like Who Will Win 2026 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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