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49ers Keenan Allen trade Super Bowl odds: San Francisco stays the Kalshi favorite, Minnesota gains on the Cousins reunion and Kansas City ticks up after adding Josh Downs

News analysis · Updated November 11, 2026 · 18+ · Market prices, not predictions · By · Sports

49ers, Vikings and Chiefs Super Bowl odds on Kalshi and Polymarket after the NFL trade deadline
NFL trade deadline, 4 p.m. ET, November 10, 2026. Prices read 07:23 UTC, November 11.
Short answer: Three contenders made moves before Tuesday's NFL trade deadline. San Francisco sent a 2027 sixth-round pick to Indianapolis for veteran receiver Keenan Allen, Minnesota sent a 2027 third-round pick to Las Vegas to bring back quarterback Kirk Cousins, and Kansas City sent 2027 fourth- and fifth-round picks to the Colts for receiver Josh Downs and a 2027 seventh. On Wednesday morning the 7-1 49ers are still the Super Bowl LXI favorite on Kalshi at 15.5%, the Vikings have climbed to 5.2% on Polymarket from 4.2% when the Cousins deal broke, and the Chiefs are 9.6% on Polymarket. These are market prices, not predictions.
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Allen, 34, had 40 catches for 351 yards and one touchdown in eight games for the Colts, according to TSN. theScore reports he arrives in a receiver room missing Mike Evans (Achilles tendonitis, out the last two games), with Deebo Samuel dealing with a hamstring injury and rookie De'Zhaun Stribling recovering from ankle surgery. Cousins, 38, had thrown for 2,340 yards, 20 touchdowns and eight interceptions as the Raiders' starter, per NFL.com, and rejoins coach Kevin O'Connell. Downs had 33 catches for 354 yards and one touchdown this season after requesting a trade, according to ESPN.

What the market is pricing

Super Bowl LXI prices on both venues, read from BetG8's live board at 07:23 UTC on November 11, against the readings logged when each deal was reported on Tuesday:

TeamAt the news (UTC, Nov 10)Polymarket nowKalshi now
San Francisco 49ers14.1% / 15.0% (19:44)14.1%15.5%
Buffalo Bills14.5% / 13.5% (19:44)14.5%13.5%
Kansas City Chiefs8.3% / 7.5% (23:49)9.6%7.5%
Minnesota Vikings4.2% / 3.5% (20:44)5.2%4.5%
Green Bay Packers3.6% / 3.5% (20:44)3.5%3.5%

Earlier readings are shown as Polymarket / Kalshi. Jacksonville (12.3% / 10.5%) and Chicago (10.9% / 11.5%) sit between the top two and Kansas City; see our Jaguars deadline report and the Bears Week 9 movers. The full board updates on the live Super Bowl odds page.

49ers: depth, not a repricing

The Allen trade has not changed San Francisco's price on Polymarket, and Kalshi moved only half a point. That fits the size of the deal: a sixth-round pick for a depth receiver on a 7-1 team. The two venues still disagree on the 49ers by 1.4 points, with Kalshi the higher of the two. Brock Purdy is third in the NFL MVP market at 16.4% on Polymarket and 16.5% on Kalshi. San Francisco visits Dallas (4-5) on Sunday, per TSN.

📱 Compare how the same event is priced across venues on Polymtrade.Referral link. 18+.

Vikings and Chiefs: the bigger moves

Minnesota's price rose a full point on each venue overnight. NFL.com notes the Vikings have the league's top scoring defense but an offense ranked 27th in points, scoring 16 or fewer in five of eight games, which came a day after a 23-6 loss to Buffalo covered in our Monday night report. If Cousins is ready, his first game back would be at Green Bay in Week 10. A 5% price still implies roughly a 1-in-20 chance.

Kansas City was flat on Kalshi at 7.5% but rose 1.3 points on Polymarket, opening a 2.1-point gap between venues. ESPN notes Patrick Mahomes has no completion over 20 air yards since Week 4, which is part of why receiver help was the priority; our Mahomes report covers the earlier price swing.

MVP side note: the Jordan Love split

The widest disagreement on the NFL board is not a team at all. Jordan Love is 13.5% to win MVP on Kalshi and 10.1% on Polymarket, a 3.5-point gap, after throwing for 372 yards and accounting for four touchdowns in a 45-27 win at New England. Joe Burrow leads at 33.0% and 32.5%. Background is in our Love MVP article.

What to watch next

Whether Cousins starts at Lambeau, how quickly Allen and Downs are worked into their offenses, and the 49ers at Dallas. On the markets, watch the Chiefs' 2.1-point venue gap and the Love MVP split; gaps that size often narrow within a few days.

Method and limits

Current prices come from BetG8's live boards, which read Polymarket and Kalshi every five minutes, so a reading can lag by up to that interval. Earlier readings were logged by BetG8's newsroom on November 10. Trade terms and stats are as reported by TSN, theScore, NFL.com, ESPN and ProFootballTalk. Prices are not forecasts, and nothing here is betting advice.

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Related

Frequently asked questions

What did the 49ers give up for Keenan Allen?

San Francisco sent a 2027 sixth-round pick to Indianapolis for Allen, according to TSN and theScore.

What are the 49ers' Super Bowl odds after the trade?

At 07:23 UTC on November 11, 2026, Kalshi priced the 49ers at 15.5%, its favorite, and Polymarket at 14.1%, just behind Buffalo at 14.5%. These are market prices, not predictions.

Did the Kirk Cousins trade move the Vikings' odds?

Yes. Minnesota rose from 4.2% to 5.2% on Polymarket and from 3.5% to 4.5% on Kalshi between 20:44 UTC on November 10 and 07:23 UTC on November 11.

Sources

18+ only. This page reports market prices and published facts; it is not betting, financial or legal advice, and prices are not predictions. If gambling stops being fun, help is available at 1-800-GAMBLER.