Resolution criteria on PolyGram: This market will resolve to "Yes" if Jimmy Lai is released from custody by June 30, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No". If Lai is released but remains under house arrest, the market will still resolve to "Yes". If Lai is released on parole, bond, or any other condition that results in them leaving state custody, the market will resolve to "Yes". Transporting Lai to another location of custody (e.g., a different prison, court, or hospital within the correctional system) will not suffice to resolve this market to "Yes". Extradition of Lai to another country where he remains in custody will also not count.
PolyGram is an on-chain prediction market where you trade YES or NO outcome shares with real USDC on Polygon. For this market, buy YES if you believe the event will happen, or NO if you think it won't. Your maximum loss is your stake — winning shares pay $1.00 each at resolution. Unlike sportsbooks, there is no house edge: prices are set by supply and demand from other traders and reflect the crowd's real-time probability.
Market outcomes
| Jimmy Lai released by June 30? | 8% YES | 92% NO |
Jimmy Lai, the Hong Kong media tycoon and founder of Apple Daily, has been detained since December 2020 under the National Security Law. He faces multiple charges including sedition and collusion with foreign forces, with trials ongoing as of late 2024. The question of his release by June 2026 hinges on the trajectory of these legal proceedings and potential political developments in Hong Kong's governance.
Historical precedent suggests lengthy detention periods for high-profile National Security Law cases in Hong Kong. Comparable figures have faced multi-year trials with convictions leading to substantial prison sentences rather than early release. The 2% implied probability on Polymarket's order book reflects the market's assessment that release within the next eighteen months remains highly unlikely given the severity of charges, the political sensitivity surrounding Lai's case, and the Hong Kong authorities' demonstrated commitment to prosecution. Similar cases have not resulted in early release or acquittal.
Traders monitoring this market should track developments in Lai's trial schedule, any appellate decisions, and shifts in Hong Kong's political climate that might influence sentencing or clemency decisions. The settlement window extends to June 2026, providing visibility into whether trials conclude and what verdicts emerge. International diplomatic pressure, particularly from the United States and allied governments, could theoretically influence outcomes, though such intervention has not historically altered National Security Law prosecutions. Court announcements and trial date confirmations will provide the most concrete signals for reassessing the current probability.
Resolution is handled by the UMA optimistic oracle on Polygon. A proposer submits the outcome, a two-hour dispute window opens, and if no one stakes a counter-claim the payout is final. Contested outcomes escalate to UMA token-holder voting. Payouts clear in USDC to the winning side.
The mechanics for trading "Jimmy Lai released by June 30?" are the same as any other PolyGram political event contract. Each YES share resolves to $1 if the event happens, or $0 if it doesn't. The current price between 0¢ and 100¢ is the market's probability estimate, set live by the order book.
$123K in lifetime turnover and $12K of resting liquidity puts this market in the around the median by volume for politics contracts on PolyGram. Order-book depth is thin — large orders may need to be split across the book or executed as limit orders.
Last 24 hours alone saw $2K in turnover, consistent with the market's lifetime daily-average pace.
The market has been open for 3 months — the price has had time to stabilise as new information arrived.
Higher-volume markets tend to have tighter spreads and faster price discovery — meaning the displayed YES/NO percentages are more likely to reflect the true crowd-implied probability rather than a single trader's directional view.
As of today, traders on Polymarket price this outcome at 8%. The number updates continuously as the order book clears. PolyGram mirrors the same live odds with locale-aware formatting and USDC settlement.
Resolution is handled by the UMA optimistic oracle on Polygon. A proposer submits the outcome, a 2-hour dispute window opens, and if uncontested the payout is final. Contested outcomes escalate to UMA token holders.
This prediction market is scheduled to close on 30 June 2026. After the resolving event occurs, settlement typically clears within 24 hours once the UMA optimistic oracle confirms the outcome. All payouts are in USDC on the Polygon network.
To trade on this prediction market, create a free PolyGram account at polygram.ink, deposit USDC via Polygon, and place a YES or NO order on the outcome you believe in. You can learn more on our how-it-works page. Your maximum loss is limited to your stake — there is no leverage or margin.
When the outcome is determined, winning YES shares pay out $1.00 each in USDC, while losing shares pay $0. Settlement is handled by the UMA optimistic oracle on Polygon — a proposer submits the result, a two-hour dispute window opens, and if uncontested, payouts are distributed automatically. You can withdraw your winnings to any Polygon wallet.
Prediction-market positions can lose 100% of staked capital. Outcomes are uncertain by definition — historical accuracy of crowd-implied probabilities is high in aggregate but not for any single market. PolyGram does not provide investment advice. Trade only with capital you can afford to lose.
Regulatory status varies by jurisdiction. Germany, the United States, and most EU countries treat Polymarket-style event contracts under one of three frameworks: financial derivative, gambling product, or unregulated novel asset. Consult local counsel before trading.
Explore more prediction market odds and trading opportunities on PolyGram: