Super Bowl odds on Kalshi and Polymarket: 2027 favourites and how to trade them
The 49ers, Bills, Rams and Chiefs lead the 2027 NFL championship market on Kalshi and Polymarket. The full board, why Kalshi calls it “Pro Football Champion”, and how to trade the Super Bowl on each.
In this article
Six weeks into the NFL season, prediction markets have no runaway favourite for Super Bowl LXI in February 2027. The San Francisco 49ers lead on both platforms at 13–15%, just ahead of the Buffalo Bills, Los Angeles Rams and Kansas City Chiefs.
Prices from 16 October 2026. Polymarket's "Pro Football: 2027 Champion" has already traded about $67 million. Live: Polymarket and Kalshi.
Super Bowl odds 2027
| Team | Polymarket | Kalshi | American odds |
|---|---|---|---|
| San Francisco 49ers | 12.7% | 15% | about +620 |
| Buffalo Bills | 11.5% | 12% | about +750 |
| Los Angeles Rams | 10.5% | 10% | about +880 |
| Kansas City Chiefs | 9.8% | 10% | about +910 |
| Baltimore Ravens | 7.8% | 8% | about +1,170 |
| Jacksonville Jaguars | 7.0% | 7% | about +1,330 |
| Seattle Seahawks | 5.5% | — | about +1,720 |
American odds use the average of the two prices. Kalshi figures are last traded prices.
With the top seven teams adding up to about 65%, the market still sees roughly a one-in-three chance that the champion is a team outside this list.
Kalshi Super Bowl markets: why they say "Pro Football"
Search Kalshi for "Super Bowl" and you will find the market titled "2027 Pro Football Champion". Kalshi uses generic league names in its titles ("Pro Football", "Pro Basketball", "Pro Baseball"), and Polymarket's main market follows a similar style. The contract is the same idea: it pays $1 if your team wins the championship game.
Where each team is cheaper
The biggest gap on the board is the 49ers: 12.7% on Polymarket against 15% on Kalshi, so backing San Francisco was more than 2 points cheaper on Polymarket. Most other teams are within a point. A gap on a futures market this long-dated is only useful after you compare ask prices and fees; our spread scanner does it for pairs listed on both platforms.
What you can trade around the Super Bowl
- Champion and conference winners, open all season.
- Every game, with live prices during play.
- Awards, such as MVP.
- Super Bowl week extras: the halftime show, ads and "mention" markets on what is said on air, mostly on Kalshi.
- Parlays of several outcomes on Kalshi: can you parlay on Kalshi or Polymarket?
How Super Bowl odds move during the season
Championship prices react to quarterback injuries, trades before the deadline and, late in the season, the playoff picture. A team at 10% in October has a long way to go: it must make the playoffs and then win three or four straight games. Many traders treat preseason futures as positions to trade, not tickets to hold until February.
Can you bet on the Super Bowl on Kalshi or Polymarket?
Yes, as event contracts. On Kalshi, sports contracts are available in most states, but several states are fighting them in court: is Kalshi legal in your state. On Polymarket, US residents use Polymarket US, and the global site is for users outside the US: how to use Polymarket in the US. Sportsbook brands now run their own prediction apps too: DraftKings Predictions and FanDuel Predicts.
Super Bowl odds: frequently asked questions
Who is the favourite to win Super Bowl LXI?
The San Francisco 49ers, at 12.7% on Polymarket and 15% on Kalshi on 16 October 2026, with the Bills, Rams and Chiefs close behind.
What are Polymarket's Super Bowl odds?
49ers 12.7%, Bills 11.5%, Rams 10.5%, Chiefs 9.8%, Ravens 7.8%, Jaguars 7%, Seahawks 5.5% as of 16 October 2026.
Is Kalshi's Super Bowl market the same as a sportsbook future?
It pays out on the same result, but you trade against other users at a market price, can sell any time before the game, and pay a fee instead of a built-in margin.
When does the Super Bowl market settle?
After the game in February 2027.
