TOTAL VOLUME:

$114.5b

24H VOL:

$115,807,555

24H TRANSACTIONS:

1,362,287,844

OPEN INTEREST:

$1,188,566,556

336,771

Markets across

33,711

events

MATCHED EVENTS:

4,629

PLATFORM COVERAGE:

5

Polymarket:

42%

VS.

Kalshi:

58%

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Entertainment
Oscar Winner: Best Picture
kalshi

Oscar for Best Picture?

Mar 20, 2026, 10:00 AM EST - Dec 31, 2027, 10:00 AM EST
Total volume:
$4,301,824
Volume 24h:
$48,912
16%
Liquidity:
N/AN/A
Open interest:
$3,181,709
1%

The Odyssey

 - Kalshi

The Odyssey - Kalshi

1W

News

Positive

Negative

Neutral

Hover marker for details

Vol.

·

Resolves Dec 31, 2027

Will The Odyssey win Best Picture at the Oscars?

58%chance
Amount

$

Trade on
kalshi

Trade on Kalshi

Join Kalshi and score $25 for your first trade.At 59¢ buys you 169 shares | Odds: 58% Total Payout: $169 | Net Profit: $69 Multiplier: 1.69x | ROI: 69% | APY: 48% 490 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

The Odyssey

Trade
58%
2%
Yes 59¢No 42¢
N/A
$1,370,341
0.46%
9%
$664,031
1y 4mo
active
kalshi

Dune: Part Three

12%
Yes 13¢No 88¢
N/A
$351,521
0.92%
14%
$240,733
1y 4mo
active
kalshi

The Black Ball

9%
1%
Yes No 92¢
N/A
$246,486
0.02%
11%
$206,842
1y 4mo
active
kalshi

Wild Horse Nine

8%
Yes No 95¢
N/A
$192,329
1%
31%
$160,039
1y 4mo
active
kalshi

Digger

6%
Yes No 95¢
N/A
$174,318
0.01%
19%
$134,845
1y 4mo
active
kalshi

Project Hail Mary

3%
Yes No 98¢
N/A
$234,303
0.09%
7%
$158,098
1y 4mo
active
kalshi

Fjord

2%
Yes No 99¢
N/A
$129,426
1%
20%
$117,658
1y 4mo
active
kalshi

The Social Reckoning

2%
Yes No 99¢
N/A
$118,804
0.4%
3%
$96,228
1y 4mo
active
kalshi

Behemoth

2%
Yes No 99¢
N/A
$60,090
0%
0.67%
$56,026
1y 4mo
active
kalshi

Avengers: Doomsday

1%
Yes No 100¢
N/A
$243,718
14%
34%
$239,974
1y 4mo
active
kalshi

Michael

1%
Yes No 100¢
N/A
$178,611
0.1%
2%
$151,503
1y 4mo
active
kalshi

Obsession

1%
Yes No 100¢
N/A
$156,494
1%
6%
$147,664
1y 4mo
active
kalshi

Disclosure Day

1%
Yes No 100¢
N/A
$91,316
0%
0.13%
$73,220
1y 4mo
active
kalshi

The Debut

1%
Yes No 99¢
N/A
$74,960
0%
11%
$73,230
1y 4mo
active
kalshi

Elsinore

1%
Yes No 99¢
N/A
$74,069
0%
0.64%
$74,043
1y 4mo
active
kalshi

Paper Tiger

1%
Yes No 100¢
N/A
$70,852
0%
7%
$69,510
1y 4mo
active
kalshi

The Adventures of Cliff Booth

1%
Yes No 100¢
N/A
$62,878
0%
0.9%
$58,014
1y 4mo
active
kalshi

Josephine

1%
Yes No 100¢
N/A
$56,186
0%
6%
$51,113
1y 4mo
active
kalshi

Artificial

1%
Yes No 100¢
N/A
$54,767
0%
0%
$54,765
1y 4mo
active
kalshi

Minotaur

1%
Yes No 100¢
N/A
$42,036
0%
0%
$41,911
1y 4mo
active
kalshi

Cry to Heaven

1%
Yes No 100¢
N/A
$38,433
0%
1%
$34,345
1y 4mo
active
kalshi

All of a Sudden

1%
Yes No 100¢
N/A
$30,588
0%
0.09%
$30,458
1y 4mo
active
kalshi

Sense and Sensibility

1%
Yes No 100¢
N/A
$30,509
0%
328%
$30,509
1y 4mo
active
kalshi

The Invite

1%
Yes No 100¢
N/A
$29,357
0.32%
7%
$29,357
1y 4mo
active
kalshi

Tie

1%
Yes No 100¢
N/A
$29,077
7%
34%
$29,077
1y 4mo
active
Total markets: 25 of 38

Intro

This market tracks which film will claim the Best Picture award at the 99th Academy Awards ceremony. On Kalshi, The Odyssey holds the leading position at 47.0%, while Dune: Part Three follows at 15.0%. The market will resolve based on the official winner announced at the Academy Awards ceremony, with settlement occurring after the 99th Academy Awards takes place on or around the end of 2027. Watch the final weeks leading up to the ceremony for shifts in industry sentiment and voting patterns among Academy members.

Kalshi

The event resolves to Yes if the specified film wins Best Picture at the 99th Academy Awards, expected to be held in March 2027. Only one film can win the award in any given year, though a tie outcome is included as a possible resolution. The Best Picture award represents the Academy's highest honor for cinematic achievement and is voted on by Academy members across all categories.

Frequently asked questions

The Oscar for Best Picture dashboard on Kalshi tracks real-time odds and pricing for which film will win the Academy Award for Best Picture. The dashboard displays live contract prices reflecting trader conviction, historical price movements, and current 24-hour trading volume of $49,463. You can monitor how odds shift as the ceremony approaches, compare different film outcomes, and see which contenders are attracting the most trading activity. This single-venue view gives you a snapshot of market sentiment on Kalshi for this major entertainment event.

Prediction market odds on Kalshi often diverge from traditional analyst forecasts and award-show predictions because they reflect real money at stake. While critics, industry analysts, and award-tracking sites publish their own rankings based on voting patterns and sentiment, Kalshi traders price outcomes based on collective belief and financial incentive. Prediction markets tend to update faster when new information emerges—such as industry buzz or voting bloc shifts—whereas analyst forecasts may lag. Comparing the two reveals where market participants see value or risk that traditional forecasters may have missed.

On Kalshi, Oscar for Best Picture outcomes are priced as binary or multi-outcome contracts reflecting the probability traders assign to each film winning. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The leading outcome currently shows 58.0% implied probability, meaning traders believe that outcome has roughly that likelihood. Prices move continuously as new information surfaces—industry news, voting announcements, or shifts in trader sentiment. Each contract's price directly represents the market's real-time assessment, with higher prices indicating stronger conviction and lower prices signaling skepticism or longer odds.

The Oscar for Best Picture market on Kalshi resolves on Dec 31, 2027. Resolution is determined by the official Academy Award announcement for Best Picture at the Oscars ceremony. Once the winner is declared, the contract settles based on which film actually receives the award. Traders holding positions on the winning film receive their payout, while other positions expire worthless. The market remains open for trading right up until the official result is announced.

Several catalysts could shift Oscar for Best Picture odds on Kalshi before Dec 31, 2027. Major film festival wins, critical reviews, and box-office performance influence trader sentiment. Industry voting patterns, early ballot leaks, and pundit predictions often trigger repricing. Unexpected controversies, filmmaker statements, or campaign momentum can swing conviction quickly. Awards from other ceremonies—Golden Globes, BAFTAs, SAG Awards—serve as strong leading indicators and typically drive significant volume and price movement. Real-time social media trends and entertainment news also influence trader behavior as the ceremony draws closer.