Platform comparison
| Platform | YES odds | NO odds | Fee | KYC | Settlement | |
|---|---|---|---|---|---|---|
Polymarket (via Trump Prediction) Pick polygram.ink (preferred broker) |
97% | 3% | 0% (USDC on-chain) | No-KYC up to $1,500 | USDC, auto via UMA oracle | Live odds → |
Polymarket (direct) polymarket.com |
97% | 3% | 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 |
|---|---|
| July 10 | 97% |
| July 17 | 97% |
| July 31 | 97% |
| July 2 | 93% |
| July 3 | 93% |
| July 1 | 91% |
| June 30 | 87% |
| June 26 | 0% |
| June 29 | 0% |
Market context
Anthropic’s deprecation of its original Sonnet 4 and Opus 4 models on 15 June 2026 has created a clear operational gap for developers, pushing the market to anticipate a public Sonnet successor before the settlement deadline of 31 July 2026. With crowd-implied probability at 94% YES, traders are betting the next Sonnet variant—whether named Sonnet 4.7, 5.0, or another Sonnet iteration—will be launched and publicly accessible within the remaining 35 days.
Historically, Anthropic has filled similar gaps swiftly: after deprecating earlier models in 2024, it released Claude 3.5 Sonnet just two months later in July 2024, and followed with Claude 3.7 Sonnet in February 2025. The pattern shows a roughly six-to-eight-month cadence between major Sonnet updates, but the recent 4.6 release in February 2026 and the imminent 4.8 Opus launch in May suggest accelerated iteration. This compressed timeline supports the high probability that a Sonnet 4.7 or 5.0 will emerge before the deadline, especially given the urgency created by the 15 June API break.
Traders should monitor Anthropic’s official announcements, particularly any press releases tied to the upcoming Opus 4.8 launch on 28 May 2026, which often include parallel Sonnet updates. The company’s transparency hub and developer forums are key sources for early signals, as seen when Sonnet 4.6 was announced alongside Opus 4.7 in February. With the settlement window closing in late July, the market is leaning on the catalyst of an imminent Sonnet 4.7 or 5.0 release, likely announced within the next two weeks to allow time for public deployment.
Methodology
This page tracks Next Claude Sonnet released by 2026? across four political prediction venues. Live odds come from the Polymarket order book (the deepest political prediction-market book). Kalshi is the CFTC-regulated US alternative, Betfair the established UK sports-exchange with politics markets, Manifold the open play-money variant. For users geo-blocked from Polymarket directly, brokers like Trump Prediction provide a 0%-fee route into the same order book.
Resolution & payout
Political markets typically settle on official candidate or agency confirmation. Polymarket uses UMA Optimistic Oracle: a proposer posts the outcome with a bond, the two-hour window opens, then the smart contract pays USDC.
Kalshi settles USD via CFTC clearinghouse, with clearly defined resolution sources (e.g. AP race calls for elections). Betfair settles after the official outcome is registered with the league or agency. Manifold is play-money.
FAQ
- What resolution source is used for elections?
- Polymarket defines the source per contract — usually Associated Press (AP Race Call), Reuters or the official electoral commission. The source is stated in contract details before the market opens.
- Which platform has the deepest political liquidity?
- Polymarket — by far. US 2024 presidential volume was ~$3.5B vs Kalshi (~$200M) and Betfair (~$120M). Where Polymarket is geo-blocked, brokers like Trump Prediction route into the same order book at 0% fees.
- How fast do political markets react to news?
- High-liquidity markets move within seconds to minutes. A Trump tweet on the economy can shift the "Trump 2024" market 2-5 points before mainstream media has written anything.
- Why do Polymarket and Kalshi differ on elections?
- Kalshi must follow CFTC compliance — strict definitions, clear resolution sources, US citizens only with KYC. Polymarket operates globally without CFTC oversight — deeper liquidity, but also higher regulatory risk.
- Which political events have the biggest volume?
- US Presidential election, party nominations (DNC/RNC), Senate majorities, individual state outcomes (Pennsylvania, Michigan, Wisconsin), and major European elections. Peak markets reach $50-500M per event.
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