TOTAL VOLUME:

$148.6b

24H VOL:

$137,183,717

24H TRANSACTIONS:

2,817,625,700

OPEN INTEREST:

$1,798,208,113

456,907

Markets across

34,819

events

MATCHED EVENTS:

2,792

PLATFORM COVERAGE:

5

Polymarket:

38%

VS.

Kalshi:

62%

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Heisman Trophy Winner
kalshi

Heisman Trophy Winner

Jan 5, 2026, 1:30 PM EST - Jan 1, 2027, 10:00 AM EST
Total volume:
$36,566,935
Volume 24h:
$4,356,837
240%
Liquidity:
N/AN/A
Open interest:
$28,644,687
1%

Jeremiah Smith

 - Kalshi

Jeremiah Smith - Kalshi

1W

News

Positive

Negative

Neutral

Hover marker for details

Vol.

·

Resolves Jan 1, 2027

Who will win Heisman Trophy?

44%chance
Amount

$

Trade on
kalshi

Trade on Kalshi

Join Kalshi and score $25 for your first trade.At 44¢ buys you 227 shares | Odds: 44% Total Payout: $227 | Net Profit: $127 Multiplier: 2.27x | ROI: 127% High Projected APY: 8,100% 68 days to resolution
You will be redirected to the platform to complete this trade.
Outcome
Trade
Chance %
Price
Spread
Liquidity
Volume
24h
7d
Open Interest
Ends in
Result
kalshi

Jeremiah Smith

Trade
44%
2%
Yes 44¢No 58¢
2¢
N/A
$2,399,784
1%
8%
$1,563,414
2mo 1w 1d
active
kalshi

Darian Mensah

Trade
24%
Yes 24¢No 80¢
4¢
N/A
$2,057,166
1%
6%
$1,393,130
2mo 1w 1d
active
kalshi

Malachi Toney

Trade
17%
Yes 18¢No 83¢
1¢
N/A
$2,770,258
3%
11%
$1,786,420
2mo 1w 1d
active
kalshi

CJ Carr

Trade
4%
1%
Yes 5¢No 96¢
1¢
N/A
$1,203,271
0.23%
14%
$977,157
2mo 1w 1d
active
kalshi

Trinidad Chambliss

Trade
2%
12%
Yes 3¢No 98¢
1¢
N/A
$2,002,186
2%
19%
$1,277,154
2mo 1w 1d
active
kalshi

Drew Mestemaker

Trade
2%
Yes 3¢No 98¢
1¢
N/A
$1,361,240
4%
5%
$1,134,439
2mo 1w 1d
active
kalshi

Gunner Stockton

Trade
2%
Yes 2¢No 99¢
1¢
N/A
$1,124,441
0.57%
3%
$903,907
2mo 1w 1d
active
kalshi

Jesse Legree

Trade
2%
Yes 3¢No 98¢
1¢
N/A
$586,647
4%
26%
$560,289
2mo 1w 1d
active
kalshi

Keelon Russell

Trade
1%
Yes 1¢No 100¢
1¢
N/A
$1,760,556
0.13%
0.22%
$1,163,388
2mo 1w 1d
active
kalshi

Bryce Underwood

Trade
1%
Yes 1¢No 100¢
1¢
N/A
$419,504
0%
0%
$328,815
2mo 1w 1d
active
kalshi

Kamario Taylor

Trade
1%
Yes 1¢No 100¢
1¢
N/A
$1,870,334
0%
1%
$1,247,798
2mo 1w 1d
active
kalshi

Bear Bachmeier

Trade
1%
Yes 1¢No 100¢
1¢
N/A
$1,597,775
6%
22%
$1,092,591
2mo 1w 1d
active
kalshi

Jadan Baugh

Trade
1%
Yes 1¢No 100¢
1¢
N/A
$1,457,349
0%
0.1%
$1,174,686
2mo 1w 1d
active
kalshi

Sam Leavitt

Trade
1%
Yes 1¢No 100¢
1¢
N/A
$1,432,009
11%
14%
$1,194,918
2mo 1w 1d
active
kalshi

Arch Manning

Trade
1%
Yes 1¢No 100¢
1¢
N/A
$1,401,937
0.53%
0.68%
$1,057,069
2mo 1w 1d
active
kalshi

Jayden Maiava

Trade
1%
Yes 1¢No 100¢
1¢
N/A
$1,224,306
1%
8%
$1,087,764
2mo 1w 1d
active
kalshi

Kevin Jennings

Trade
1%
Yes 1¢No 100¢
1¢
N/A
$1,182,853
0%
0%
$951,823
2mo 1w 1d
active
kalshi

Julian Sayin

Trade
1%
Yes 1¢No 100¢
1¢
N/A
$1,154,828
0%
0%
$894,798
2mo 1w 1d
active
kalshi

Josh Hoover

Trade
1%
Yes 1¢No 100¢
1¢
N/A
$1,120,464
0%
2%
$984,850
2mo 1w 1d
active
kalshi

Dante Moore

Trade
1%
Yes 1¢No 100¢
1¢
N/A
$964,362
0%
0.01%
$766,601
2mo 1w 1d
active
kalshi

John Mateer

Trade
1%
Yes 1¢No 100¢
1¢
N/A
$899,070
0.02%
0.03%
$817,534
2mo 1w 1d
active
kalshi

Faizon Brandon

Trade
1%
Yes 1¢No 100¢
1¢
N/A
$752,912
0%
0%
$751,130
2mo 1w 1d
active
kalshi

Lincoln Kienholz

Trade
1%
Yes 1¢No 100¢
1¢
N/A
$717,689
0%
0%
$716,805
2mo 1w 1d
active
kalshi

LaNorris Sellers

Trade
1%
Yes 1¢No 100¢
1¢
N/A
$717,424
0.27%
0.29%
$657,504
2mo 1w 1d
active
kalshi

Rocco Becht

Trade
1%
Yes 1¢No 100¢
1¢
N/A
$534,984
0%
0%
$514,424
2mo 1w 1d
active
Total markets: 25 of 50

Intro

This market tracks which player will win the Heisman Trophy during the 2026-2027 college football season. Currently, Kalshi gives a 36.0% probability to “Who will win Heisman Trophy?” as the leading outcome, with a 20.0% probability assigned to the second-most likely outcome, also listed as “Who will win Heisman Trophy?”. The market resolves based on whether Darian Mensah wins the College Football Heisman Trophy, as determined by the official Heisman Trophy presentation. Keep an eye on the results of the College Football Playoff National Championship game on January 11, 2027, as strong performances there could significantly impact the final Heisman voting.

Kalshi

Each outcome resolves to Yes if the corresponding player wins the College Football Heisman Trophy during the 2026-2027 college football season. Resolution is determined by the official Heisman Trophy award announcement for that season.

Frequently asked questions

On Kalshi, the dashboard for the Heisman Trophy market tracks the current odds for each potential winner, along with a price history showing how those odds have changed over time. You can also see the 24-hour trading volume, which currently stands at $1,006,070, and the total volume traded to date, which is $36,566,909. This provides a clear picture of where traders are placing their bets and how sentiment is shifting as the college football season progresses. The dashboard is designed to give you a comprehensive overview of this market and help you make informed predictions.

Generally, prediction market odds tend to reflect a wisdom-of-the-crowd perspective, often differing from initial sportsbook lines which can be influenced by public perception or early betting action. Sportsbooks may adjust their odds based on betting patterns, but this market allows for continuous price discovery driven by informed traders. While sportsbooks often include a 'vig' or commission, the pricing in this market is determined purely by supply and demand. It’s common to see this market odds converge with sportsbook odds as the event approaches, but discrepancies can exist, particularly when new information emerges.

This market resolves around Jan 1, 2027, with the outcome confirmed once the Heisman Trophy winner is officially announced and verifiable from credible public reporting. The official announcement from the Heisman Trust will serve as the determining factor. Trading will cease prior to this date, allowing for final price discovery. The market will then settle based on the declared winner, providing a clear and transparent result reflecting the collective predictions made by traders on Kalshi.

Several factors could significantly impact this market. Key performance indicators for potential winners, such as passing yards, rushing touchdowns, and overall team success, will heavily influence trading activity. Unexpected injuries to leading contenders or the emergence of dark horse candidates could also cause substantial shifts in the odds. Media coverage, coaching changes, and even off-field controversies could all contribute to price movements. Major upsets or dominant performances in crucial games will likely be reflected in the volume of $36,566,909 and the changing probabilities within this market.