Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Polymarket Klarna UK) Pick polygram.ink (preferred broker) |
19% | 81% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Go to the live market → |
Polymarket (direct) polymarket.com |
19% | 81% | 0% | Geo-blocked in US/UK/EU | USDC, on-chain | Go to the live market → |
Kalshi kalshi.com |
— | — | Up to 7% per trade | US-only, KYC required | USD | Go to the live market → |
Betfair Exchange betfair.com |
— | — | 2-5% commission | Full KYC from first trade | GBP / EUR | Go to the live market → |
Manifold Markets manifold.markets |
— | — | Play-money (mana) | None — play-money | Mana (no cash-out) | Go to the live market → |
Outcome probabilities
Current market-implied probability for each outcome, from the live order book.
| Outcome | Probability |
|---|---|
| Gavin Newsom | 19% |
| Alexandria Ocasio-Cortez | 14% |
| Jon Ossoff | 14% |
| Kamala Harris | 9% |
| Pete Buttigieg | 5% |
| Josh Shapiro | 5% |
| Andy Beshear | 3% |
| Mark Kelly | 3% |
| Rahm Emanuel | 2% |
| Jon Stewart | 2% |
| Ro Khanna | 2% |
| Wes Moore | 1% |
| Stephen A. Smith | 1% |
| Gretchen Whitmer | 1% |
| Mark Cuban | 1% |
| J.B. Pritzker | 1% |
| Raphael Warnock | 1% |
| Cory Booker | 1% |
| Michelle Obama | 1% |
| Roy Cooper | 1% |
| Bernie Sanders | 1% |
| Hunter Biden | 1% |
| Chelsea Clinton | 1% |
| Dwayne 'The Rock' Johnson | 1% |
| Chris Murphy | 1% |
| James Talarico | 1% |
| Tim Walz | 0% |
| Gina Raimondo | 0% |
| Zohran Mamdani | 0% |
| John Fetterman | 0% |
| Jared Polis | 0% |
| Barack Obama | 0% |
| Hillary Clinton | 0% |
| Liz Cheney | 0% |
| Phil Murphy | 0% |
| LeBron James | 0% |
| George Clooney | 0% |
| MrBeast | 0% |
| Oprah Winfrey | 0% |
| Andrew Yang | 0% |
| Beto O’Rourke | 0% |
| Kim Kardashian | 0% |
| Jasmine Crockett | 0% |
| Ruben Gallego | 0% |
| Graham Platner | 0% |
| Abigail Spanberger | 0% |
| Hakeem Jeffries | 0% |
| Elissa Slotkin | 0% |
| Adam Schiff | 0% |
| Josh Stein | 0% |
| Alex Padilla | 0% |
| Person V | 0% |
| Person W | 0% |
| Person X | 0% |
| Person Y | 0% |
| Person Z | 0% |
| Person AA | 0% |
| Person AB | 0% |
| Person AC | 0% |
| Person AD | 0% |
| Person AE | 0% |
| Person AF | 0% |
| Person AG | 0% |
| Person AH | 0% |
| Person AI | 0% |
| Person AJ | 0% |
| Person AK | 0% |
| Person AL | 0% |
| Person AM | 0% |
| Person AN | 0% |
| Person AO | 0% |
| Person AP | 0% |
| Person AQ | 0% |
| Person AR | 0% |
| Person AS | 0% |
| Person AT | 0% |
| Person AU | 0% |
| Person AV | 0% |
| Person AW | 0% |
| Person AX | 0% |
| Person AY | 0% |
| Person AZ | 0% |
| Person BA | 0% |
| Person BB | 0% |
| Person BC | 0% |
| Person BD | 0% |
| Person BE | 0% |
| Person BF | 0% |
| Person BG | 0% |
| Person BH | 0% |
| Person BI | 0% |
| Person BJ | 0% |
| Person BK | 0% |
| Person BL | 0% |
| Person BM | 0% |
| Person BN | 0% |
| Person BO | 0% |
| Person BP | 0% |
| Person BQ | 0% |
| Person BR | 0% |
| Person BS | 0% |
| Person BT | 0% |
| Person BU | 0% |
| Person BV | 0% |
| Person BW | 0% |
| Person BX | 0% |
| Person BY | 0% |
| Person BZ | 0% |
| Person CA | 0% |
| Person CB | 0% |
| Person CC | 0% |
| Person CD | 0% |
| Person CE | 0% |
| Person CF | 0% |
| Person CG | 0% |
| Person CH | 0% |
| Person CI | 0% |
| Person CJ | 0% |
| Person CK | 0% |
| Person CL | 0% |
| Person CM | 0% |
| Person CN | 0% |
| Person CO | 0% |
| Person CP | 0% |
| Person CQ | 0% |
| Person CR | 0% |
| Person CS | 0% |
| Other | 0% |
Market context
The next Democratic presidential nominee will be chosen through the 2028 primaries and convention, with no formal party decision yet on the table. At a 19% crowd-implied probability, the market is still pricing a broad, unsettled field rather than a single lock-in, which matters because nomination trading tends to re-rate sharply when money can move in quickly through low-friction deposit routes and be pulled out just as fast through SEPA, card rails, or USDC.
Recent coverage still points to an open contest, with Gavin Newsom, Kamala Harris, Pete Buttigieg and Alexandria Ocasio-Cortez all appearing in early rankings and polling, while sources disagree on who leads at this stage[2][3][4][7]. That split is consistent with a market that can stay range-bound until a clearer campaign signal arrives, because early support is often driven by name recognition and media visibility rather than formal candidacy or delegate organisation[6][13]. Comparable 2028 previews have shown the front-runner changing as new polls and betting flows come in, which is why book depth can widen quickly once larger wallets are active[1][8].
For traders, the main catalysts are formal announcements, fundraising reports, debate and primary scheduling, and any sign that a major Democrat is actually assembling a national operation. Newsom’s profile has been buoyed by repeated coverage of his national positioning and clashes with the Trump administration, while other contenders are being tracked mainly through polling rather than declared campaigns[1][16]. In payment terms, markets like this tend to deepen when deposits are cheap and instant, especially where Klarna-style on-ramp convenience, SEPA transfers, and USDC withdrawals reduce friction for larger entries and exits.
Methodology
This page compares Democratic Presidential Nominee 2028 with a focus on payment rails and deposit friction. Polymarket accepts USDC on Polygon only; Kalshi only ACH/Plaid (US only); Betfair card/SEPA in EU/UK; Manifold no deposit. Polymarket Klarna UK additionally offers Klarna and SOFORT as fiat on-ramps to USDC. Live odds reflect the Polymarket order book.
Resolution & payout
Settlement path determines payout latency. Polymarket settles on-chain (USDC, minutes). Broker frontends like Polymarket Klarna UK add Klarna/SOFORT as fiat withdrawal options with T+1 processing. Kalshi: USD via ACH (T+1 to T+3). Betfair: local currency via card/SEPA (T+1 to T+5).
FAQ
- What does SOFORT cost as a deposit method?
- Polymarket Klarna UK charges no fees for SOFORT. The only cost is the internal FX spread (typically <1%) on EUR→USDC conversion. SOFORT itself has no end-user fees — the platform absorbs acquirer costs.
- How fast is SEPA deposit?
- SEPA Instant: under 10 seconds. SEPA Standard: 1-2 business days. Both accepted fee-free; the internal USDC conversion runs automatically once EUR lands in the platform account.
- Can I deposit with a credit card?
- Yes, Visa and Mastercard. Credit card deposits carry a ~2.5% acquirer surcharge (standard for card payments). Apple Pay and Google Pay run on the same card rails — same surcharge.
- What's the minimum deposit?
- 10 EUR / 10 USD equivalent. No upper limit, but deposits over $1,500 lifetime volume trigger a quick KYC flow (typically 5-10 minutes).
- How do withdrawals work?
- Identical methods in reverse. SEPA withdrawal: T+1 (standard) or under 10 seconds (SEPA Instant). Klarna withdrawals process via bank-account refund. USDC withdrawal to external wallet: Polygon gas cost (typically $0.01).
Trade Democratic Presidential Nominee 2028 on Polymarket Klarna UK
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