TOTAL VOLUME:
$93.7b
24H VOL:
$261,818,665
24H TRANSACTIONS:
895,773,260
OPEN INTEREST:
$2,136,553,573
788,870
Markets across
13,603
events
MATCHED EVENTS:
880
PLATFORM COVERAGE:
5
Polymarket:
46%
VS.
Kalshi:
54%
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The Big Game is one of the most-watched television events annually, attracting massive audiences and commanding premium advertising rates. Brands compete for visibility during the broadcast by purchasing commercial time slots that air during the game itself.
Each brand's market resolves to Yes if that brand airs a qualifying advertisement during the official national 2027 Big Game broadcast. A qualifying advertisement includes any commercial featuring the brand, sponsorship segments with clear brand identification (such as "This halftime show brought to you by..."), or branded content integration with prominent display. The advertisement must air after kickoff and before the end of regulation time, or overtime if applicable. Stadium signage without dedicated airtime does not qualify, nor do pre-game advertisements, post-game advertisements, streaming-only advertisements, regional advertisements, or parent company advertisements lacking specific brand identification. Co-branded advertisements receiving equal billing qualify as qualifying advertisements.
Prediction market odds reflect real-time consensus from traders betting their own capital, often incorporating information faster than traditional analyst reports. While media analysts and advertising industry experts may publish forecasts based on historical spending patterns and brand budgets, this market aggregates live expectations from participants with direct financial incentives to be accurate. Comparing the two can reveal whether the crowd is more or less bullish on a particular brand's participation than published expert opinion.
On Kalshi, this market is priced through an order-book mechanism where traders buy and sell shares representing each brand's likelihood of advertising. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Each share reflects a fractional probability, with prices ranging from near zero to nearly one dollar. As traders place bids and asks, the market price adjusts to equilibrate supply and demand, creating a dynamic odds display that represents the collective forecast of all active participants.
This market resolves around Feb 15, 2027, once the Big Game has aired and all commercial slots have been confirmed. The outcome is determined by verified reporting of which brands actually purchased and aired advertisements during the broadcast. Resolution is anchored to credible public sources documenting the final roster of advertisers, ensuring clarity and fairness for all traders.
Major catalysts include official advertising announcements from brands, earnings calls where companies discuss marketing spend, industry reports on ad inventory availability, and shifts in consumer sentiment that influence brand strategy. Economic news affecting corporate budgets, competitive moves by rival brands, and media coverage of the event's expected viewership can all influence trader expectations. Additionally, any changes to the broadcast format or audience projections may prompt repricing as participants reassess the value of advertising exposure.
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