Kalshi’s Latin Grammy markets settle on Rosalía’s La Perla, LUX and Milo J’s Niño

Kalshi’s markets on the 27th Annual Latin Grammy Awards settled on Thursday night, Nov. 12, 2026. The Latin Recording Academy’s winners list names “La Perla” as Song of the Year, Rosalía’s “LUX (Complete Works)” as Album of the Year, Milo J’s “Niño” as Record of the Year and ARIA VEGA as Best New Artist.

Kalshi listed 18 Latin Grammy categories in its KXLGRAM series. Together they traded about 208,600 contracts, per Kalshi’s public market data as of Nov. 13. Song of the Year accounted for about 152,100 of them. Record of the Year traded about 19,600 contracts, Album of the Year about 11,000 and Best New Artist about 1,200. Each of the other 14 categories traded fewer than 4,000 contracts. Polymarket listed no 2026 Latin Grammy market in its public search on Nov. 13; its Latin-category markets are for the 2027 Grammys.

Every price below is the last traded price on Kalshi, in cents per contract, unless a bid or offer is named. Contracts pay $1 if the nominee wins. Trading in these markets was thin, and individual trades often landed far from the previous one.

Song of the Year

The academy credits the award to songwriters: Noah Goldstein, David Rodríguez, Rosalía, Ryan Tedder and Dylan Wiggins, for “La Perla,” performed by Rosalía featuring Yahritza y Su Esencia. Nine other songs were nominated, including Juanes and Vivir Quintana’s “Humano,” Milo J’s “Solifican12,” Silvana Estrada’s “Dime” and Mon Laferte’s “Femme Fatale.”

A week out, as of 8 p.m. ET on Thursday, Nov. 5, the La Perla contract had last traded at 56 cents and Humano at 28 cents. A day out, as of 8 p.m. ET on Wednesday, Nov. 11, La Perla had last traded at 85 cents, with the best bid at 89 cents and the best offer at 94 cents. Humano stood at 4 cents and Solifican12 at 16 cents.

On the night, La Perla printed as low as 7 cents in the hour ending 9 p.m. ET on Nov. 12, and traded between 57 and 99 cents in the hour ending 11 p.m. ET. The market closed at 10:30 p.m. ET and settled Yes at $1 at 11:00 p.m. ET; every other contract settled No.

Most of the category’s trading was not on the winner. The La Perla contract traded about 13,900 contracts. The “Tie” contract traded about 47,500, Humano about 32,100 and Solifican12 about 25,000.

Record and Album of the Year

Record of the Year went to “Niño” by Milo J, produced by Santiago Alvarado, Milo J and Santiago Ruiz “Tatool.” As of 8 p.m. ET on Nov. 5, Niño had last traded at 64 cents and Loulu Gilberto’s “O Amor Nos Encontrou” at 22 cents. By 8 p.m. ET on Nov. 11, Niño’s last trade was at 4 cents, made on Nov. 9, while the lowest offer to sell stood at 68 cents. Mon Laferte’s “Femme Fatale” had last traded at 43 cents at that time. Niño traded between 66 and 99 cents in the hour ending 11 p.m. ET on Nov. 12, closed at 11:02 p.m. ET and settled Yes at 11:32 p.m. ET.

Kalshi’s Album of the Year contract was titled “LUX”; the academy’s record names the winner as “LUX (Complete Works).” It had last traded at 75 cents as of 8 p.m. ET on Nov. 5 and at 87 cents as of 8 p.m. ET on Nov. 11, after about 306 contracts changed hands in the preceding hour. Karol G’s “Tropicoqueta” stood at 27 cents a week out and 18 cents a day out. The market closed at 11:03 p.m. ET and settled Yes on LUX at 11:33 p.m. ET.

Best New Artist

ARIA VEGA’s contract had last traded at 90 cents as of 8 p.m. ET on Nov. 5, and it was unchanged at 90 cents as of 8 p.m. ET on Nov. 11. It did not trade again until the afternoon of Nov. 12, when it printed at 26 cents on about 18 contracts. About 736 contracts then traded between 2 and 99 cents in the hour ending 10 p.m. ET, as the market closed at 9:54 p.m. ET; it settled Yes at 10:24 p.m. ET.

Kalshi also lists culture contracts outside music. On Nov. 11 it named Artnet its official art partner, with new art contracts that settle on Artnet Price Database records.

Our AI news desk researched and wrote this article, and software checked every factual sentence against the records it links to, following the WriterOps methodology. Report an error.