Super Bowl Odds
The Seattle Seahawks lead Super Bowl odds at prediction markets with 67.5% implied probability (-208), followed by the New England Patriots at 33.0% (+203). The Los Angeles Rams and Denver Broncos have fallen to 0.0% following their elimination. Total 24-hour volume reached $7.6M ($4.1M on Polymarket, $3.5M on Kalshi). This tracker aggregates live pricing across prediction markets to show consensus Super Bowl odds, updated hourly with arbitrage detection.
Polymarket has become the dominant prediction market for Super Bowl futures, accumulating $680 million in total volume on the Championship market contract. This dwarfs traditional sportsbooks. Daily volume is running around $4-5 million across both platforms, with Polymarket taking roughly three-quarters of that money.
The public is heavily backing Seattle. The Seahawks sit at 38-42% implied probability across both sites after their dominant 41-6 dismantling of San Francisco. The Rams and Patriots are in a tight battle for second at around 20% and 17-18% respectively, while Denver has cratered to single digits after losing Bo Nix to an ankle injury.
Kalshi’s Pro Football Champion market has crossed $128 million in volume. Seattle’s price spiked 15 points post-divisional round, while Denver dropped despite their overtime win over Buffalo.
Probability Over Time
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Chart settings
Current Odds Snapshot
Current probabilities across platforms with liquidity indicators
SSSeattle Seahawks
Vol $3.5M
Spread 1.6%
Agg
67.5%↑ +29.3%
G
69.0%
K
67.5%
P
67.4%
NEPNew England Patriots
Vol $1.9M
Spread 1.6%
Agg
33.0%↑ +8.2%
G
34.0%
K
33.5%
P
32.5%
LARLos Angeles Rams
Vol $1.5M
Spread 1.0%
Agg
0.0%↓ -28.8%
G
1.0%
K
0.0%
P
0.0%
TBBTampa Bay Buccaneers
Vol $0
Spread 0.0%
Agg
0.0%— +0.0%
K
0.0%
P
0.0%
PSPittsburgh Steelers
Vol $0
Spread 0.0%
Agg
0.0%— +0.0%
K
0.0%
P
0.0%
G
0.0%
PEPhiladelphia Eagles
Vol $0
Spread 0.0%
Agg
0.0%— +0.0%
K
0.0%
P
0.0%
G
0.0%
MVMinnesota Vikings
Vol $0
Spread 0.0%
Agg
0.0%— +0.0%
K
0.0%
P
0.0%
MDMiami Dolphins
Vol $0
Spread 0.0%
Agg
0.0%— +0.0%
K
0.0%
P
0.0%
LACLos Angeles Chargers
Vol $0
Spread 0.0%
Agg
0.0%— +0.0%
K
0.0%
P
0.0%
G
0.0%
KCCKansas City Chiefs
Vol $0
Spread 0.0%
Agg
0.0%— +0.0%
K
0.0%
P
0.0%
JJJacksonville Jaguars
Vol $0
Spread 0.0%
Agg
0.0%— +0.0%
K
0.0%
P
0.0%
G
0.0%
ICIndianapolis Colts
Vol $0
Spread 0.0%
Agg
0.0%— +0.0%
K
0.0%
P
0.0%
HTHouston Texans
Vol $0
Spread 0.0%
Agg
0.0%— +0.0%
K
0.0%
P
0.0%
G
0.0%
GBPGreen Bay Packers
Vol $0
Spread 0.0%
Agg
0.0%— +0.0%
K
0.0%
P
0.0%
G
0.0%
DLDetroit Lions
Vol $0
Spread 0.0%
Agg
0.0%— +0.0%
K
0.0%
P
0.0%
DBDenver Broncos
Vol $865.3K
Spread 0.5%
Agg
0.0%↓ -8.4%
G
0.5%
K
0.0%
P
0.0%
DCDallas Cowboys
Vol $0
Spread 0.0%
Agg
0.0%— +0.0%
K
0.0%
P
0.0%
CBCincinnati Bengals
Vol $0
Spread 0.0%
Agg
0.0%— +0.0%
K
0.0%
P
0.0%
CBChicago Bears
Vol $0
Spread 0.0%
Agg
0.0%— +0.0%
K
0.0%
P
0.0%
G
0.0%
CPCarolina Panthers
Vol $0
Spread 0.0%
Agg
0.0%— +0.0%
K
0.0%
P
0.0%
G
0.0%
BBBuffalo Bills
Vol $0
Spread 0.0%
Agg
0.0%— +0.0%
K
0.0%
P
0.0%
G
0.0%
BRBaltimore Ravens
Vol $0
Spread 0.0%
Agg
0.0%— +0.0%
K
0.0%
P
0.0%
SF4San Francisco 49ers
Vol $0
Spread 0.0%
Agg
0.0%— +0.0%
K
0.0%
P
0.0%
G
0.0%
| Outcome | Aggregated | Spread | Volume | Kalshi | Polymarket | Gemini |
|---|---|---|---|---|---|---|
SS Seattle Seahawks | 67.5% ↑ +29.3% | 1.6% | $3.5M |
Kalshi
67.5% |
Polymarket
67.4% |
Gemini
69.0% |
NEP New England Patriots | 33.0% ↑ +8.2% | 1.6% | $1.9M |
Kalshi
33.5% |
Polymarket
32.5% |
Gemini
34.0% |
LAR Los Angeles Rams | 0.0% ↓ -28.8% | 1.0% | $1.5M |
Kalshi
0.0% |
Polymarket
0.0% |
Gemini
1.0% |
TBB Tampa Bay Buccaneers | 0.0% — +0.0% | 0.0% | $0 |
Kalshi
0.0% |
Polymarket
0.0% |
Gemini
— |
PS Pittsburgh Steelers | 0.0% — +0.0% | 0.0% | $0 |
Kalshi
0.0% |
Polymarket
0.0% |
Gemini
0.0% |
PE Philadelphia Eagles | 0.0% — +0.0% | 0.0% | $0 |
Kalshi
0.0% |
Polymarket
0.0% |
Gemini
0.0% |
MV Minnesota Vikings | 0.0% — +0.0% | 0.0% | $0 |
Kalshi
0.0% |
Polymarket
0.0% |
Gemini
— |
MD Miami Dolphins | 0.0% — +0.0% | 0.0% | $0 |
Kalshi
0.0% |
Polymarket
0.0% |
Gemini
— |
LAC Los Angeles Chargers | 0.0% — +0.0% | 0.0% | $0 |
Kalshi
0.0% |
Polymarket
0.0% |
Gemini
0.0% |
KCC Kansas City Chiefs | 0.0% — +0.0% | 0.0% | $0 |
Kalshi
0.0% |
Polymarket
0.0% |
Gemini
— |
JJ Jacksonville Jaguars | 0.0% — +0.0% | 0.0% | $0 |
Kalshi
0.0% |
Polymarket
0.0% |
Gemini
0.0% |
IC Indianapolis Colts | 0.0% — +0.0% | 0.0% | $0 |
Kalshi
0.0% |
Polymarket
0.0% |
Gemini
— |
HT Houston Texans | 0.0% — +0.0% | 0.0% | $0 |
Kalshi
0.0% |
Polymarket
0.0% |
Gemini
0.0% |
GBP Green Bay Packers | 0.0% — +0.0% | 0.0% | $0 |
Kalshi
0.0% |
Polymarket
0.0% |
Gemini
0.0% |
DL Detroit Lions | 0.0% — +0.0% | 0.0% | $0 |
Kalshi
0.0% |
Polymarket
0.0% |
Gemini
— |
DB Denver Broncos | 0.0% ↓ -8.4% | 0.5% | $865.3K |
Kalshi
0.0% |
Polymarket
0.0% |
Gemini
0.5% |
DC Dallas Cowboys | 0.0% — +0.0% | 0.0% | $0 |
Kalshi
0.0% |
Polymarket
0.0% |
Gemini
— |
CB Cincinnati Bengals | 0.0% — +0.0% | 0.0% | $0 |
Kalshi
0.0% |
Polymarket
0.0% |
Gemini
— |
CB Chicago Bears | 0.0% — +0.0% | 0.0% | $0 |
Kalshi
0.0% |
Polymarket
0.0% |
Gemini
0.0% |
CP Carolina Panthers | 0.0% — +0.0% | 0.0% | $0 |
Kalshi
0.0% |
Polymarket
0.0% |
Gemini
0.0% |
BB Buffalo Bills | 0.0% — +0.0% | 0.0% | $0 |
Kalshi
0.0% |
Polymarket
0.0% |
Gemini
0.0% |
BR Baltimore Ravens | 0.0% — +0.0% | 0.0% | $0 |
Kalshi
0.0% |
Polymarket
0.0% |
Gemini
— |
SF4 San Francisco 49ers | 0.0% — +0.0% | 0.0% | $0 |
Kalshi
0.0% |
Polymarket
0.0% |
Gemini
0.0% |
Arbitrage Scanner
Current cross-venue opportunities with fee calculations
Pairs (Venue-to-Venue)
| Outcome | Venue Pair | Leg A (Buy) | Leg B (Sell) | Gross Spread | After Fees | Actionable |
|---|---|---|---|---|---|---|
NEP New England Patriots |
Polymarket
→
Kalshi | Buy @ P 32.5¢ | Sell @ K 33¢ | +0.50% | +0.17% |
No |
PS Pittsburgh Steelers |
Gemini
→
Kalshi | Buy @ G 0¢ | Sell @ K 0¢ | +0.00% | +0.00% |
No |
PE Philadelphia Eagles |
Gemini
→
Kalshi | Buy @ G 0¢ | Sell @ K 0¢ | +0.00% | +0.00% |
No |
LAC Los Angeles Chargers |
Gemini
→
Kalshi | Buy @ G 0¢ | Sell @ K 0¢ | +0.00% | +0.00% |
No |
JJ Jacksonville Jaguars |
Gemini
→
Kalshi | Buy @ G 0¢ | Sell @ K 0¢ | +0.00% | +0.00% |
No |
HT Houston Texans |
Gemini
→
Kalshi | Buy @ G 0¢ | Sell @ K 0¢ | +0.00% | +0.00% |
No |
GBP Green Bay Packers |
Gemini
→
Kalshi | Buy @ G 0¢ | Sell @ K 0¢ | +0.00% | +0.00% |
No |
CB Chicago Bears |
Gemini
→
Kalshi | Buy @ G 0¢ | Sell @ K 0¢ | +0.00% | +0.00% |
No |
CP Carolina Panthers |
Gemini
→
Kalshi | Buy @ G 0¢ | Sell @ K 0¢ | +0.00% | +0.00% |
No |
BB Buffalo Bills |
Gemini
→
Kalshi | Buy @ G 0¢ | Sell @ K 0¢ | +0.00% | +0.00% |
No |
SF4 San Francisco 49ers |
Gemini
→
Kalshi | Buy @ G 0¢ | Sell @ K 0¢ | +0.00% | +0.00% |
No |
LAR Los Angeles Rams |
Polymarket
→
Kalshi | Buy @ P 0.1¢ | Sell @ K 0¢ | -0.10% | -0.10% |
No |
TBB Tampa Bay Buccaneers |
Polymarket
→
Kalshi | Buy @ P 0.1¢ | Sell @ K 0¢ | -0.10% | -0.10% |
No |
MV Minnesota Vikings |
Polymarket
→
Kalshi | Buy @ P 0.1¢ | Sell @ K 0¢ | -0.10% | -0.10% |
No |
MD Miami Dolphins |
Polymarket
→
Kalshi | Buy @ P 0.1¢ | Sell @ K 0¢ | -0.10% | -0.10% |
No |
KCC Kansas City Chiefs |
Polymarket
→
Kalshi | Buy @ P 0.1¢ | Sell @ K 0¢ | -0.10% | -0.10% |
No |
IC Indianapolis Colts |
Polymarket
→
Kalshi | Buy @ P 0.1¢ | Sell @ K 0¢ | -0.10% | -0.10% |
No |
DL Detroit Lions |
Polymarket
→
Kalshi | Buy @ P 0.1¢ | Sell @ K 0¢ | -0.10% | -0.10% |
No |
DB Denver Broncos |
Polymarket
→
Kalshi | Buy @ P 0.1¢ | Sell @ K 0¢ | -0.10% | -0.10% |
No |
DC Dallas Cowboys |
Polymarket
→
Kalshi | Buy @ P 0.1¢ | Sell @ K 0¢ | -0.10% | -0.10% |
No |
CB Cincinnati Bengals |
Polymarket
→
Kalshi | Buy @ P 0.1¢ | Sell @ K 0¢ | -0.10% | -0.10% |
No |
BR Baltimore Ravens |
Polymarket
→
Kalshi | Buy @ P 0.1¢ | Sell @ K 0¢ | -0.10% | -0.10% |
No |
SS Seattle Seahawks |
Polymarket
→
Kalshi | Buy @ P 67.5¢ | Sell @ K 67¢ | -0.50% | -1.17% |
No |
Outcome Diff
| Outcome A | Outcome B | Venue | A Odds | B Odds | Diff | Strategy |
|---|---|---|---|---|---|---|
SS Seattle Seahawks |
PS Pittsburgh Steelers |
Gemini | A 69.00% | B 0.00% | +69.00% | Buy spread |
SS Seattle Seahawks |
PE Philadelphia Eagles |
Gemini | A 69.00% | B 0.00% | +69.00% | Buy spread |
SS Seattle Seahawks |
LAC Los Angeles Chargers |
Gemini | A 69.00% | B 0.00% | +69.00% | Buy spread |
SS Seattle Seahawks |
JJ Jacksonville Jaguars |
Gemini | A 69.00% | B 0.00% | +69.00% | Buy spread |
SS Seattle Seahawks |
HT Houston Texans |
Gemini | A 69.00% | B 0.00% | +69.00% | Buy spread |
SS Seattle Seahawks |
GBP Green Bay Packers |
Gemini | A 69.00% | B 0.00% | +69.00% | Buy spread |
SS Seattle Seahawks |
DB Denver Broncos |
Gemini | A 69.00% | B 0.50% | +68.50% | Buy spread |
SS Seattle Seahawks |
LAR Los Angeles Rams |
Gemini | A 69.00% | B 1.00% | +68.00% | Buy spread |
SS Seattle Seahawks |
LAR Los Angeles Rams |
Kalshi | A 67.50% | B 0.00% | +67.50% | Buy spread |
SS Seattle Seahawks |
TBB Tampa Bay Buccaneers |
Kalshi | A 67.50% | B 0.00% | +67.50% | Buy spread |
SS Seattle Seahawks |
PS Pittsburgh Steelers |
Kalshi | A 67.50% | B 0.00% | +67.50% | Buy spread |
SS Seattle Seahawks |
PE Philadelphia Eagles |
Kalshi | A 67.50% | B 0.00% | +67.50% | Buy spread |
SS Seattle Seahawks |
MV Minnesota Vikings |
Kalshi | A 67.50% | B 0.00% | +67.50% | Buy spread |
SS Seattle Seahawks |
MD Miami Dolphins |
Kalshi | A 67.50% | B 0.00% | +67.50% | Buy spread |
SS Seattle Seahawks |
LAC Los Angeles Chargers |
Kalshi | A 67.50% | B 0.00% | +67.50% | Buy spread |
SS Seattle Seahawks |
KCC Kansas City Chiefs |
Kalshi | A 67.50% | B 0.00% | +67.50% | Buy spread |
SS Seattle Seahawks |
LAR Los Angeles Rams |
Polymarket | A 67.35% | B 0.00% | +67.35% | Buy spread |
SS Seattle Seahawks |
TBB Tampa Bay Buccaneers |
Polymarket | A 67.35% | B 0.00% | +67.35% | Buy spread |
SS Seattle Seahawks |
PS Pittsburgh Steelers |
Polymarket | A 67.35% | B 0.00% | +67.35% | Buy spread |
SS Seattle Seahawks |
PE Philadelphia Eagles |
Polymarket | A 67.35% | B 0.00% | +67.35% | Buy spread |
SS Seattle Seahawks |
MV Minnesota Vikings |
Polymarket | A 67.35% | B 0.00% | +67.35% | Buy spread |
SS Seattle Seahawks |
MD Miami Dolphins |
Polymarket | A 67.35% | B 0.00% | +67.35% | Buy spread |
SS Seattle Seahawks |
LAC Los Angeles Chargers |
Polymarket | A 67.35% | B 0.00% | +67.35% | Buy spread |
SS Seattle Seahawks |
KCC Kansas City Chiefs |
Polymarket | A 67.35% | B 0.00% | +67.35% | Buy spread |
SS Seattle Seahawks |
NEP New England Patriots |
Gemini | A 69.00% | B 34.00% | +35.00% | Buy spread |
SS Seattle Seahawks |
NEP New England Patriots |
Polymarket | A 67.35% | B 32.45% | +34.90% | Buy spread |
SS Seattle Seahawks |
NEP New England Patriots |
Kalshi | A 67.50% | B 33.50% | +34.00% | Buy spread |
NEP New England Patriots |
PS Pittsburgh Steelers |
Gemini | A 34.00% | B 0.00% | +34.00% | Buy spread |
NEP New England Patriots |
PE Philadelphia Eagles |
Gemini | A 34.00% | B 0.00% | +34.00% | Buy spread |
NEP New England Patriots |
LAC Los Angeles Chargers |
Gemini | A 34.00% | B 0.00% | +34.00% | Buy spread |
After-fee spreads apply the configured taker-fee model per side. Depth/slippage is not modeled in this scanner.
Methodology & Data Mapping
How we aggregate, normalize, and map cross-platform data
Default: Volume-Weighted Average Price (VWAP)
Weights each mapped market by its reported 24H USD volume at snapshot time. If volume is unavailable, we fall back to a simple average for that snapshot.
Use the VWAP/Simple toggle above the chart to switch aggregation views.
Kalshi: Official API (best bid/ask + last + 24H volume/liquidity when available).
Polymarket: Market data via their API (token prices + best bid/ask + 24H volume/liquidity when available).
Gemini: Public Prediction Markets + ticker endpoints (best bid/ask + last + 24H USD volume when available).
Event data is updated hourly. Older history is downsampled.
Each event links one or more markets per provider. We normalize labels, map provider outcomes into a shared outcome list, and merge mapped markets where appropriate.
Cross-venue spread: Max–min difference across available venue probabilities for the same outcome.
Liquidity: Relative per-venue indicators based on provider liquidity fields (no depth/slippage modeling).
Arbitrage: Computed from best bid/ask when available (otherwise mid); after-fee spread applies the configured fee model only.
Super Bowl props and futures markets
Super Bowl MVP
The quarterback bias continues. Sam Darnold leads at 36%, with Matthew Stafford at 28% and Drake Maye at 30%. Five of the last six Super Bowl MVPs have been quarterbacks, so the market is pricing accordingly. Skill position players like Puka Nacua and Jaxon Smith-Njigba are available under 10 cents for anyone betting on a non-QB winner.
Entertainment and prop markets
Bad Bunny is locked in at 98% for the halftime show. That market is essentially settled.
Kalshi runs a range of novelty markets including celebrity attendance props, broadcast mention contracts (will Taylor Swift be named 5+ times during the game?), and brand advertising markets tracking which companies will run Super Bowl spots.
Polymarket lists over 200 outcome contracts under Super Bowl, including winning state (California leads at 48% given the NFC Championship features two California-adjacent teams) and winning division (NFC West at 52%).
NFL awards
These settle before the Super Bowl and are mostly locked up. Stafford leads MVP at 81%, Jaxon Smith-Njigba has OPOY at 84%, and Mike Vrabel is the Coach of the Year favorite at 71% after New England’s turnaround.
Here’s a complete list of the props and futures running at Polymarket and current odds
| Market | Favorite | Odds | Runner Up | Odds | Total Volume |
|---|---|---|---|---|---|
| Super Bowl Champion 2026 | Seattle | 38% | Los Angeles R | 27% | $687m |
| NFC Champion | Seattle | 57% | Los Angeles R | 43% | $4m |
| NFL MVP | Matthew Stafford | 87% | Drake Maye | 10% | $4m |
| AFC Champion | New England | 68% | Denver | 32% | $3m |
| NFL Offensive Rookie of the Year | Tetairoa McMillan | 94% | Jaxson Dart | 3% | $2m |
| NFL Coach of the Year | Mike Vrabel | 81% | Mike Macdonald | 14% | $2m |
| Who will perform at Super Bowl halftime show? | Bad Bunny | 99% | Cardi B | 62% | $880k |
| NFL Defensive Rookie of the Year | Carson Schwesinger | 94% | James Pearce Jr. | 4% | $495k |
| NFL Comeback Player of the Year | Christian McCaffrey | 90% | Trevor Lawrence | 6% | $391k |
| NFL Offensive Player of the Year | Jaxon Smith-Njigba | 87% | Puka Nacua | 9% | $272k |
| Super Bowl LX Exact Outcome | Seattle beat New England | 27% | Los Angeles R beat New England | 18% | $222k |
| NFL Defensive Player of the Year | Myles Garrett | 100% | Micah Parsons | <1% | $176k |
| Super Bowl LX Matchup | New England vs. Seattle | 41% | New England vs. Los Angeles R | 29% | $175k |
| Super Bowl – Winning State | Other | 74% | California | 26% | $52k |
| Denver Broncos: Stage of Elimination 2025-2026 | Conference Championship | 69% | Lose in Super Bowl | 24% | $44k |
| Super Bowl – Winning Division | NFC West | 67% | AFC East | 26% | $44k |
| New England Patriots: Stage of Elimination 2025-2026 | Lose in Super Bowl | 43% | Conference Championship | 31% | $40k |
| Los Angeles Rams: Stage of Elimination 2025-2026 | Conference Championship | 57% | Lose in Super Bowl | 14% | $39k |
| NFL Protector of the Year | Taylor Decker | 30% | Brian O’Neill | 26% | $34k |
| Seattle Seahawks: Stage of Elimination 2025-2026 | Conference Championship | 43% | Lose in Super Bowl | 20% | $32k |
| Which companies will run ads during Super Bowl LX? | OpenAI | 97% | Amazon | 87% | $17k |
| Super Bowl – Winning Conference | AFC | 32% | NFC | 68% | $16k |
| Super Bowl LX Winning Seed | No. 2 seed | 41% | No. 1 seed | 38% | NEW |
| What songs will be played at the Super Bowl halftime show? | BAILE INOLVIDABLE | 96% | Tití Me Preguntó | 95% | NEW |
| Scorigami in Week 3 of NFL Playoffs? | Yes | 6% | No | 94% | NEW |
| QBgami in Week 3 of NFL Playoffs? | Yes | 8% | No | 92% | NEW |
Where to bet on the Super Bowl
The top prediction market platforms have more than enough market liquidity to offer Super Bowl contracts, though the naming convention isn’t “Super Bowl odds” per se. Kalshi calls it “Pro Football Champion” while Polymarket uses “Super Bowl Champion 2026.” Both prediction market apps have significant crossover in available contracts, including team futures, conference winners, division markets, and props like who will be the halftime performer and the winning state (California is leading here).
Here’s where you can legally trade Super Bowl contracts in most states, including California, Texas, and Florida:
- Kalshi: Kalshi operates with direct bank account linking and fiat deposits. The “2026 NFL Championship Winner” market has individual contracts for each team—Rams at 20%, Bills at 13.5%, etc. Kalshi also runs conference championship markets, division winners, and season-long props. Use the Kalshi referral code DEFI to get a free $10 with your first $100 in trades on the Super Bowl.
- Polymarket: Polymarket requires USDC deposits through a crypto wallet. Polymarket’s structure allows for more exotic prop markets than Klashi. I found “Super Bowl – Winning State” (California at 48%) and entertainment props like halftime performer. There were also 208 outcome contracts listed under Super Bowl, meaning you can trade basically any scenario. The trading fees run around 2-3% depending on liquidity, though US market has an introductory price of 0.01%. Gas fees will usually add another $1-5 per trade.
How to bet on the Super Bowl
When you see “Rams 20¢” that’s literally the price per contract. Buy 100 contracts for $20. If LA wins Super Bowl 60 in February, you collect $100 (each contract pays $1). If they lose, you lose. The 20¢ price reflects what the market (other traders) thinks the actual win probability is.
Here’s a quick tutorial on trading event contracts:
1. Choose your platform and create an account
Select Kalshi (for fiat deposits) or Polymarket (for crypto deposits). You will need to complete KYC verification, which typically takes a few minutes. From there, link your bank account (Kalshi) or fund with USDC (Polymarket).
2. Find your market
Click on the sports markets in the top nav or use the search field and enter Super Bowl. The results should populate with all available Super Bowl contracts, including props. Just like sportsbooks, Super Bowl winner contracts are available year-round. Conference championships, division winners, and player awards are also available.
3. Buy contracts at current market prices
You won’t see the usual odds. Instead, prediction markets show live Super Bowl prices based on supply and demand. If the Bills trade at 13¢ (13% probability), you can buy 100 contracts for $13. Each contract settles at $1.00 if the Bills win and $0.00 if the Bills lose.
4. Trade or hold until settlement
The key difference between prediction markets and sports betting: you can sell anytime before the season ends. If the Bill’s probability rises from 13% to 20%, you can sell your 100 contracts for $20 (making $7 profit) at any time. You do not need to hold until the game.
5. How settlement works
Your Super Bowl contracts settle at $1.00 per share when you win and $0.00 if you lose. Settlement occurs the day after the Super Bowl concludes (typically within 24 hours). The results usually come from official league sources, but you need to read and compare how settlement is determined. Polymarket and Kalshi have different rules.
Example trade:
- Buy 100 Rams contracts at 20¢ = Total of $20 investment
- Rams reach NFC Championship, probability rises to 35¢
- Option A: Sell now at 35¢ = $35 (profit: $15)
- Option B: Hold through Super Bowl = $100 if Rams win, $0 if they lose
Your ability to exit positions early is what separates prediction markets from traditional sportsbooks with Super Bowl odds. You’re not locked into a bet. You’re trading a position with other people that adjusts with real-time information.
