Jeremiah Smith passes 50 cents in Kalshi’s Heisman Trophy market
Kalshi's Jeremiah Smith Heisman contract rose from 35 to 57 cents in 24 hours on about 100,000 contracts, crossing 50 cents on Saturday afternoon.
Ohio State wide receiver Jeremiah Smith’s contract in Kalshi’s “Heisman Trophy Winner” market rose from 35 cents to 57 cents over the 24 hours to Saturday night, crossing 50 cents on Saturday.
As of 11:10 p.m. ET, Nov. 14, 2026, the Smith contract last traded at 57 cents, against a previous price of 35 cents a day earlier, with a bid of 58 cents and an ask of 60 cents. Traders exchanged 100,168 contracts in the market over the prior 24 hours. These figures come from Kalshi’s public market data. The contract has traded about 3.18 million contracts since it opened on Jan. 5, 2026, and had about 1.70 million contracts of open interest at that time.
When the price moved
Kalshi’s hourly candlesticks, which are labeled by the end of each period, show the contract closing the hour ending 9 a.m. ET on Saturday, before Ohio State’s game that day, at 39 cents.
After the game, in each hourly period from the one ending 5 p.m. through the one ending 11 p.m. ET, the contract traded between 55 and 62 cents.
Where the other names stand
The Kalshi event lists 52 player contracts, and Kalshi marks it as mutually exclusive. As of 11:10 p.m. ET, Nov. 14, the next-highest prices were:
- Darian Mensah, Miami (FL): 19 cents, down from 28 cents, on 83,087 contracts in 24 hours
- Drew Mestemaker, Oklahoma State: 9 cents, up from 8 cents, on 35,313 contracts
- CJ Carr, Notre Dame: 6 cents, down from 17 cents, on 97,567 contracts
- Gunner Stockton: 3 cents, down from 7 cents, on 55,126 contracts
- Devon Dampier: 3 cents, down from 6 cents, on 8,580 contracts
On Polymarket, the “NCAA Football: 2026 Heisman Award Winner” event showed Smith at 57.5 cents (last trade 58 cents) as of 11:11 p.m. ET, Nov. 14, 2026, up 24 points over the past day, with $9,695 traded on his contract in 24 hours. Mensah showed 17.5 cents, Carr 7.1 cents and Mestemaker 5.55 cents. The whole Polymarket event drew $15,455 in 24-hour volume and about $590,900 in total, per its gamma API. Kalshi counts volume in contracts and Polymarket in dollars, so the two figures are not directly comparable.
How the contracts settle
Kalshi’s rules for the Smith contract ask “Who will win Heisman Trophy?” and read: “If Jeremiah Smith wins the College Football Heisman Trophy in the 2026-2027 college football season, then the market resolves to Yes.” The market closes early if the event occurs and is otherwise scheduled to close at 10 a.m. ET on Jan. 1, 2027. Kalshi names ESPN, Fox Sports and information originating from the NCAA as its settlement sources.
Polymarket’s event resolves to the winner announced at the Heisman ceremony, using official information from the Heisman Trophy Trust. If the ceremony is postponed past 11:59 p.m. ET on Dec. 26, 2026, canceled, or no winner is announced by then, it resolves to “Other.” If co-winners are declared, it resolves to the player whose listed name comes first alphabetically.
The Heisman Trust’s balloting page sets the calendar: ballots go to electors on Thursday, Dec. 3, are due by 5 p.m. EST on Monday, Dec. 7, and finalists are announced that evening. The winner is to be announced at the televised ceremony on ABC on Saturday, Dec. 12.
Our Kalshi fees explainer shows how the exchange’s trading fee depends on a contract’s price. For other sports prices on both platforms, see our NFL game prices for Nov. 12 to Nov. 16 and the Nov. 14 biggest-moves roundup.
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.