NHL Stanley Cup

This page tracks prediction market odds for the 2025-26 NHL season from Kalshi and Polymarket. We pull in data from both platforms and combine them to give you a single view of where the market stands on Stanley Cup futures, division winners, and individual awards like the Vezina Trophy, Hart Trophy, and Rocket Richard Trophy. The Stanley Cup section at the top shows you the current favorite plus the top contenders, and you can see at a glance how the odds stack up across all 32 teams. Below that, we break things down by division so you can track which teams are expected to win the Atlantic, Metropolitan, Central, and Pacific. Each card is clickable. Tap into any market to see the full list of outcomes, historical price charts showing how odds have moved over the season, and the current prices on both Kalshi and Polymarket side by side. We also track NFL weekly games and FIFA World Cup 2026 odds if you're looking for other major sports markets.

The favorite changes throughout the season based on how teams are playing, who gets injured, and what moves get made at the trade deadline. At any given point, you can check the Stanley Cup card at the top of this page to see where the market currently stands. Going into the 2025-26 season, the usual suspects tend to be near the top. Teams like the Edmonton Oilers, who made back-to-back Cup Finals, the Florida Panthers as defending champs from 2024, the Colorado Avalanche, and the Dallas Stars typically attract a lot of action. But prediction markets move fast. If a team goes on a 10-game winning streak or loses their starting goalie to injury, you'll see those odds shift within hours. That's what makes tracking these markets interesting compared to preseason power rankings that go stale after a few weeks.

The 2025-26 NHL regular season kicks off in early October and runs through mid-April, with each team playing 82 games. Once the regular season wraps, the top three teams from each division make the playoffs, plus two wild card teams from each conference, for a total of 16 teams. The playoffs typically start in the third week of April and run through mid-June. It's a grueling four rounds of best-of-seven series: First Round, Second Round, Conference Finals, and then the Stanley Cup Final. The whole thing usually takes about two months, and the Cup gets awarded sometime in the second or third week of June. From a prediction market standpoint, the most interesting periods are right before the playoffs start when matchups get locked in, after each round when the field narrows, and at the trade deadline in early March when contenders load up for a Cup run.

Prediction markets let you buy and sell contracts on outcomes, in this case which team will win the Stanley Cup. Each contract is worth $1 if that team wins and $0 if they don't. So if you see the Toronto Maple Leafs trading at $0.08, that means the market thinks they have roughly an 8% chance of winning it all. If you think they're undervalued, you buy at 8 cents and profit if they win. If you think 8% is too high, you can sell or buy "No" and profit if they don't win. The key difference from traditional sportsbooks is that there's no house setting the lines. Prices are determined entirely by supply and demand from other traders. Kalshi is a CFTC-regulated exchange based in the US, while Polymarket runs on blockchain and has a more global user base. We track both because sometimes you'll see meaningful price differences between them, which can signal where the smart money is flowing or present arbitrage opportunities.