Stanley Cup odds 2027, live: every NHL team’s title chances on Kalshi and Polymarket

Live data · Prices refresh every 5 minutes · 18+ · Not financial advice · By BetG8 Editorial · Live odds

Live · updated 2026-11-06 01:33 UTC · refreshes every 5 minutes

2027 Stanley Cup champion

Polymarket volume $1.7M · Trade on Polymarket · See on Kalshi

Team	Polymarket	Kalshi	PM − Kalshi	Odds	Cheaper YES
Carolina Hurricanes	11.5%	10.5%	+1.0	+809	Kalshi
Edmonton Oilers	11.5%	9.5%	+2.0	+852	Kalshi
Colorado Avalanche	9.5%	10.5%	-1.0	+900	Polymarket
Minnesota Wild	7.6%	9.5%	-1.9	+1066	Polymarket
Florida Panthers	7.0%	7.5%	-0.5	+1279	Polymarket
New Jersey Devils	6.9%	7.5%	-0.6	+1289	Polymarket
Vegas Golden Knights	7.5%	6.5%	+1.0	+1329	Kalshi
Dallas Stars	5.5%	5.5%	0.0	+1718	–
Tampa Bay Lightning	4.5%	5.5%	-1.0	+1900	Polymarket
Washington Capitals	4.3%	5.5%	-1.2	+1941	Polymarket
Montreal Canadiens	4.9%	4.5%	+0.4	+2039	–
Utah Mammoth	3.4%	4.5%	-1.1	+2448	Polymarket
Boston Bruins	2.8%	3.5%	-0.7	+3050	Polymarket
Ottawa Senators	3.0%	2.5%	+0.5	+3504	Kalshi
Toronto Maple Leafs	3.0%	2.5%	+0.5	+3504	Kalshi
Los Angeles Kings	1.8%	1.5%	+0.3	+5870	–
Buffalo Sabres	1.7%	1.5%	+0.2	+6249	–
San Jose Sharks	1.4%	1.5%	-0.1	+6680	–
Anaheim Ducks	1.3%	1.5%	-0.2	+7173	–
Pittsburgh Penguins	1.7%	1.0%	+0.7	+7447	Kalshi
Columbus Blue Jackets	1.0%	1.5%	-0.5	+7743	–
New York Rangers	1.0%	1.5%	-0.5	+7743	–
Nashville Predators	0.5%	1.0%	-0.5	+12803	–
New York Islanders	0.5%	1.0%	-0.5	+12803	–
Philadelphia Flyers	0.5%	1.0%	-0.5	+12803	–
St. Louis Blues	0.5%	1.0%	-0.5	+12803	–
Seattle Kraken	0.5%	1.0%	-0.5	+13693	Polymarket
Chicago Blackhawks	0.4%	1.0%	-0.7	+14715	Polymarket
Winnipeg Jets	0.4%	1.0%	-0.7	+14715	Polymarket
Calgary Flames	0.1%	1.0%	-0.9	+17291	Polymarket
Detroit Red Wings	0.1%	1.0%	-0.9	+17291	Polymarket
Vancouver Canucks	0.1%	1.0%	-0.9	+17291	Polymarket

The short version: this page shows the live price of every NHL team to win the 2027 Stanley Cup on Kalshi and on Polymarket. The odds column turns the average of the two prices into American odds, so you can line it up against any sportsbook’s futures board. Hockey is the most open of the major US leagues: even the favorite rarely trades much above 10% this early in the season.

LIVE MARKETNHL: 2027 Stanley Cup ChampionTrade on Polymarket →

How to read the table

Each row is one outcome that trades on both venues. The Polymarket and Kalshi columns show the price of a YES contract as a percentage, which is also the market’s implied probability: a team at 12% costs 12 cents and pays $1 if the outcome happens. Where both sides of the book are quoted we use the midpoint of the best bid and best ask; where the spread is wider than 10 cents we fall back to the last traded price, and outcomes with no live quote are left out. PM − Kalshi is the difference in percentage points. A negative number means Polymarket is cheaper; a positive number means Kalshi is cheaper. Cheaper YES names the venue where buying YES costs less before fees, and is blank when the two prices are within half a point.

Why hockey futures are so spread out

Sixteen teams make the playoffs and a hot goaltender can carry a lower seed through four best-of-seven rounds, so the market prices a lot of teams in a narrow band. That makes the table useful in two ways. First, small gaps between Kalshi and Polymarket matter more in relative terms: a one-point gap on a team at 6% is a big difference in payout. Second, the long shots are where sportsbook margins are highest, so comparing a book’s +2500 with the exchange price is often the quickest way to spot a bad number. Prices move most on goaltender injuries, trade-deadline deals and late-season standings, when the playoff picture firms up.

Prediction market futures vs sportsbook futures

A sportsbook builds its margin into every futures price: add up the implied probability of every team’s odds on a typical title board and the total often comes to 120% or more, against roughly 100% on an exchange. That difference is the hold, and it is largest on long shots. Converting the exchange price to American odds lets you compare directly: if a book offers a team at +900 and the exchange prices it at 12% (about +733), the book is paying more for the same outcome; if the book offers +600, the exchange is the better price. Our price comparison tool does the conversion and this explainer covers how the vig works.

Why the same event has two prices

Kalshi is a CFTC-regulated exchange for US customers that settles in dollars. Polymarket’s main venue settles on-chain and is not open to US residents, and Polymarket US is a separate regulated app with its own order books. The traders on each side are different people with different money, fees and limits, so the books drift apart until someone is willing to buy one and sell the other. Moving money between a bank-funded exchange and an on-chain one takes time and costs fees, which is why gaps of two or three points can sit for days on long-dated markets like 2028 nominations while they close within minutes on a Fed decision the week of the meeting. A gap is not free money: fees on both venues, the bid-ask spread, the cost of tying up capital until settlement and small differences in how each contract resolves all eat into it. Our fee calculator shows what each side costs, and this guide covers how locked profits come unlocked.

Method and limits

Prices come straight from the public Polymarket Gamma API and the Kalshi trade API and are refreshed every five minutes; the time of the last refresh is shown at the top of the page. Outcomes are matched by name, so a market that one venue lists and the other does not appears with a dash in the missing column. Percentages are rounded to one decimal place. Nothing here is a forecast by BetG8: these are prices that other people are paying. Prediction market contracts carry real financial risk, are restricted by age and location, and this page is not betting, financial or legal advice.

Frequently asked questions

Who is the favorite to win the 2027 Stanley Cup?

The first row of the live table is the current favorite, ranked by the average of the Kalshi and Polymarket prices. In hockey the top teams are usually close together, so the order can change after a single week of results or an injury in goal.

When does the Stanley Cup market settle?

When the 2027 Stanley Cup Final ends in June 2027. Contracts on teams that miss the playoffs or are knocked out fall to zero as soon as they are eliminated.

How do I turn these prices into sportsbook odds?

The price is the probability: 12 cents means 12%. Below 50%, American odds are 100 × (1 − p) / p, so 12% is about +733; above 50% they are −100 × p / (1 − p). Our odds converter handles any format.

Can I trade these markets from the US?

Kalshi offers sports event contracts in most US states, although several states have challenged them in court; check the 50-state tracker. Polymarket’s main venue is not open to US residents, and Polymarket US is a separate app with its own books.