Heisman Odds 2026
Kalshi's market on the 2026 Heisman Trophy, college football's award for its most outstanding player. Jeremiah Smith leads at 35%, ahead of Darian Mensah at 29%, from 49 priced candidates.
2026 · Live marketUpdated today at 10:53 AM ET
Where these odds come from: Each percentage is the price of that candidate's Kalshi contract: the midpoint of the order book where it is tight, otherwise the last trade. A contract with a result shows 100% for Yes and 0% for No. Prices are not a Kalshi forecast.
Heisman oddsTop 20 of 49 priced candidates. 7d is the move in percentage points over the last seven days.
2026 Heisman Trophy odds
| Contender | Odds | 7d | Trade |
|---|---|---|---|
Jeremiah Smith | 35% | −7pp | Yes 35¢ |
Darian Mensah | 29% | +5pp | Yes 30¢ |
CJ Carr | 16% | +12pp | Yes 16¢ |
Trinidad Chambliss | 10% | +8pp | Yes 10¢ |
Sam Leavitt | 4% | +3pp | Yes 4¢ |
Devon Dampier | 2% | +1pp | Yes 2¢ |
Drew Mestemaker | 2% | −1pp | Yes 2¢ |
Gunner Stockton | 2% | +1pp | Yes 2¢ |
Aaron Philo | <1% | −1pp | Yes 1¢ |
Ahmad Hardy | <1% | −1pp | Yes 1¢ |
Anthony Colandrea | <1% | −1pp | Yes 1¢ |
Arch Manning | <1% | −1pp | Yes 1¢ |
Austin Mack | <1% | −1pp | Yes 1¢ |
Austin Simmons | <1% | −1pp | Yes 1¢ |
Bear Bachmeier | <1% | −1pp | Yes 1¢ |
Bo Jackson | <1% | −1pp | Yes 1¢ |
Brendan Sorsby | <1% | −1pp | Yes 1¢ |
Bryce Underwood | <1% | −1pp | Yes 1¢ |
Byrum Brown | <1% | −1pp | Yes 1¢ |
Charlie Becker | <1% | −1pp | Yes 1¢ |
The award
About the Heisman Trophy
The Heisman Memorial Trophy goes to the most outstanding player in college football. About 870 media members, every living past winner and one fan vote cast ballots after the conference championship games, and the winner is announced at a ceremony in New York in mid-December.
Fernando Mendoza won the 2025 Heisman, as Kalshi's settled market recorded it.
Method
How Kalshi's Heisman odds work
Every row is a contract on Kalshi. Yes pays $1 if that candidate wins the 2026 Heisman Trophy and No pays $1 if they do not, so the price of Yes in cents reads as the market's implied chance in percent. Each contract is priced on its own, so the column can add up to a little more or less than 100%.
The 7d column is how far that price has moved in the last seven days, in percentage points.
FAQ
Heisman odds questions
Who is the favorite to win the 2026 Heisman Trophy?
Jeremiah Smith leads at 35% on Kalshi, ahead of Darian Mensah at 29%. That is the market price of the contract, not a Kalshi forecast.
Who won the 2025 Heisman Trophy?
Fernando Mendoza, as Kalshi's settled 2025 market recorded it.
How is the Heisman Trophy decided?
The Heisman Memorial Trophy goes to the most outstanding player in college football. About 870 media members, every living past winner and one fan vote cast ballots after the conference championship games, and the winner is announced at a ceremony in New York in mid-December.
How do Kalshi's Heisman odds work?
Every row is a contract on Kalshi. Yes pays $1 if that candidate wins the 2026 Heisman Trophy and No pays $1 if they do not, so the price of Yes in cents reads as the market's implied chance in percent. Each contract is priced on its own, so the column can add up to a little more or less than 100%.