TOTAL VOLUME:
$154.4b
24H VOL:
$235,918,089
24H TRANSACTIONS:
2,984,028,936
OPEN INTEREST:
$1,884,820,873
413,109
Markets across
40,428
events
MATCHED EVENTS:
4,364
PLATFORM COVERAGE:
5
Polymarket:
37%
VS.
Kalshi:
63%
Closed: Oct 25, 1:52 PM EST
Kalshi
This set of markets focuses on predicting the outcome of the first quarter of a football game between Cincinnati and Baltimore. Each market corresponds to different point spreads that either team needs to achieve for the bet to settle. The outcome depends solely on the scoring margin within the first quarter of play.
These markets resolve based on the point differential between Cincinnati and Baltimore during the first quarter of their game scheduled for October 25, 2026. Each market specifies a different threshold for the winning team to exceed in points scored over the opponent. For markets where Baltimore is the favorite, resolution occurs if Baltimore wins by more than the specified spread (10.5, 7.5, 6.5, 3.5, or 2.5 points). Conversely, for markets where Cincinnati is the favorite, resolution occurs if Cincinnati wins by more than the specified spread (2.5, 3.5, 6.5, 7.5, or 10.5 points). Only points scored during the first quarter count toward resolving these markets. The governing body's official records will determine the final scores and outcomes. Kalshi disclaims any affiliation with the league, and all trademarks remain property of their respective owners.
Typically, prediction market odds reflect the wisdom of the crowd and can differ from traditional sportsbook odds. Sportsbooks often set initial lines to balance action, while this market allows traders to freely express their beliefs, potentially leading to more accurate probabilities. It’s common to see discrepancies, especially before significant events or breaking news. Comparing this market to sportsbook odds can reveal areas where the crowd disagrees with professional oddsmakers, potentially identifying value for informed traders. However, it’s important to remember that both represent probabilities of an outcome, and neither guarantees accuracy.
On Kalshi, this market is priced through a continuous order book where traders buy and sell contracts representing their predictions about the first quarter spread. The price of a contract indicates the probability of that spread occurring. As more traders participate, the price adjusts to reflect the collective belief. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The price discovery process is driven by supply and demand; if more people believe the spread will be a certain value, the price of that contract will increase, and vice versa. This dynamic pricing mechanism aims to create a real-time assessment of the likely outcome.
This market resolves around Oct 25, 2026, with the outcome confirmed once the event is verifiable from credible public reporting. The final spread in the first quarter of the Cincinnati versus Baltimore game will be used to determine which contracts pay out. Specifically, the market will settle based on the actual point differential at the end of the first quarter, as reported by official game statistics. All contracts corresponding to the correct spread will be settled at 100, while those predicting a different spread will settle to zero.
Several factors could influence the price of this market before resolution. Any news regarding injuries to key players on either the Cincinnati or Baltimore teams would likely have a significant impact. Changes in weather forecasts, particularly if they suggest adverse conditions, could also shift opinions. Unexpected news about team strategies or coaching decisions could also move the market. Furthermore, large trading volume from informed traders could signal a shift in sentiment and cause the price to adjust rapidly. Monitoring these signals can help you understand the evolving probabilities reflected in this market.