PGA Tour: the Memorial Tournament presented by Workday Winner

Platform comparison

Active sub-markets

Market context

The Memorial Tournament presented by Workday is a PGA Tour event held annually at Muirfield Village Golf Club in Dublin, Ohio, typically scheduled for early June. The 2026 edition will take place during the settlement window, with the winner determined by PGA Tour official rules and playoff procedures if necessary. This market resolves to "Other" if an unlisted player wins, a structural feature that differs meaningfully across platforms: Kalshi's binary framework would require explicit settlement criteria before launch, whilst Polymarket's "Other" category allows for post-hoc disambiguation—a distinction that affects how traders price tail-risk scenarios.

The Memorial has historically favoured established tour professionals with strong ball-striking records, given Muirfield Village's demanding rough and strategic bunkering. Jack Nicklaus's course design rewards consistency over explosive scoring. Recent winners including Collin Morikawa (2024) and Viktor Hovland (2023) exemplify this pattern. The current 0% implied probability across listed players suggests either incomplete market seeding or genuine uncertainty about field composition at settlement time. Betfair and Smarkets typically display decimal odds formats that make such extreme probabilities visually distinct from Polymarket's percentage displays, potentially affecting retail trader participation.

Traders should monitor PGA Tour injury announcements and field confirmations through May 2026, as player withdrawals directly trigger market resolution conditions. The tour's official tournament schedule and any rule amendments affecting playoff procedures warrant attention. Fee structures vary considerably: Kalshi charges flat fees on winnings, whilst Polymarket operates on liquidity-dependent spreads, creating different break-even thresholds for this low-probability market. Early field information typically emerges four to six weeks before tournament play.

Methodology

This page compares PGA Tour: the Memorial Tournament presented by Workday Winner specifically across Polymarket, Kalshi, Betfair Exchange and Smarkets. Live odds come from the Polymarket order book; the other venues' contract details are maintained manually because their APIs aren't directly comparable. Every CTA routes to Kalshi Alternative UK, which mirrors the Polymarket order book at 0% fees.

Resolution & payout

Settlement is the biggest difference between the four platforms: Polymarket on-chain in USDC (instant), Kalshi USD via CFTC (T+1), Betfair and Smarkets in local currency via bank withdrawal (T+1 to T+3). Kalshi Alternative UK routes every trade directly into Polymarket's on-chain settlement, which is why payouts land fastest.

FAQ

Where can I trade this market with the lowest fees?

On Kalshi Alternative UK, 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.

Is this market available outside the US?

Kalshi Alternative UK is available in most jurisdictions where Polymarket isn't directly accessible. Polymarket itself is geo-blocked in the US/UK/EU. Always check local regulations.

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 Kalshi Alternative UK?

Zero. Kalshi Alternative UK routes every order to the live Polymarket order book; the only cost is the Polygon network fee, typically under $0.01 per transaction.

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.