Oscars Odds Soar as Kalshi and Polymarket Turn Awards Into a $100M Bet

Oscars prediction markets have exploded in volume, with Kalshi around $48.4M and Polymarket adding tens of millions, pushing total Oscar-contract trading past $100M ahead of the ceremony. Bets have swung between Timothée Chalamet and Michael B. Jordan after SAG, while regulators note that voting secrecy remains. Kalshi restricts Academy members from trading and touts surveillance to curb malfeasance, as DraftKings also offers Oscar bets but with far less activity.