The 2026 Heisman Trophy market trades across roughly $2.5M in cumulative volume on Kalshi, with a contender field topping 25 names but a live race centered on CJ Carr, Arch Manning, Darian Mensah, Julian Sayin, and Dante Moore. The live board above ranks the current prices on every name; the award resolves when the Heisman Trophy is presented in December 2026 to the most outstanding player in college football for the 2026 season.
The 2026 Heisman Trophy race is a season-long position trade, not a single event, and the board reflects that. A field of more than 25 named contenders splits the probability, but the conviction money concentrates at the top: CJ Carr and Arch Manning carry the chalk, with Darian Mensah, Julian Sayin, and Dante Moore forming the chase tier. The live board above ranks every contender by current price; this page covers who the field is, what structurally moves it, and exactly how it resolves. The Heisman goes to the most outstanding player in college football, and historically that has meant a quarterback, and the top of this board is overwhelmingly quarterbacks.
CJ Carr sits at the front of the field as the most heavily backed name, a quarterback profile whose market price reflects both his production and the spotlight that comes with the program he leads. Heisman campaigns are built on volume of highlight production and team visibility, and Carr's standing on the board captures both. The single biggest risk to any front-runner is health: a quarterback who misses games surrenders the counting stats and the narrative momentum that the award rewards, and that is nearly impossible to recover.
Arch Manning is the name-recognition trade that the market prices a half-step behind Carr. The Manning surname guarantees national attention, which matters in a vote driven by voter visibility as much as raw numbers, and his price reflects a contender voters already know how to talk about. Darian Mensah and Julian Sayin form the heart of the chase tier: quarterbacks whose prices have climbed on production rather than reputation, and who tend to be the most volatile names week to week because the market prices emerging stars with a wider band than established ones.
Dante Moore and Trinidad Chambliss anchor the next layer of credible names, with Josh Hoover and a deep tail of quarterbacks behind them. Chambliss is the live underdog whose price moves fastest on a single signature performance, while Moore carries the steadier profile of a contender with a full-season case. Below them the field flattens into a long tail of single-digit names. A defensive star like Jeremiah Smith is a reminder that the award is not contractually a quarterback prize, only historically one, and the live board above is the only honest read on who is moving and who is dormant.
The 2026 Heisman Trophy market resolves to the player who wins the Heisman Memorial Trophy for the 2026 college football season, presented at the annual award ceremony in New York in December 2026. The winner is determined by a vote of media members and former Heisman winners, with ballots cast after the regular season and conference championship games. The winning player's contract pays out while every other contender resolves to zero. The market's listed settlement date carries to early January 2027 as a buffer, but the outcome is fixed the moment the Heisman is announced.
The 2026 Heisman race runs alongside the College Football National Championship market and the conference championship board, where the team outcomes that boost a Heisman case are priced directly. For the coaching side of the same season, the Coach of the Year market tracks the sideline award, and the broader sports markets hub collects every active futures board. Page maintained by Genius Staff, refreshed on a review cycle as the field and the prices move.
Resolves to the player who wins the Heisman Memorial Trophy for the 2026 college football season, presented at the annual ceremony in New York in December 2026 following the regular season and conference championship games. The winner is determined by a vote of media members across six geographic regions plus former Heisman winners and a single fan vote, tabulated into a points total. The winning player's contract pays $1 per share; all other contender contracts resolve to $0. The listed market settlement date carries into early January 2027 as a buffer, but the outcome is fixed at the Heisman announcement. If co-winners are named, the market resolves per the platform's tie rules.
The live board above ranks current prices on every contender on Kalshi. The race is led by CJ Carr and Arch Manning, with Darian Mensah, Julian Sayin, and Dante Moore forming the chase tier across a field of more than 25 named players, almost all quarterbacks.
The award is presented at the Heisman ceremony in New York in December 2026, after the regular season and conference championship games. The market carries a settlement buffer into early January 2027, but the outcome is fixed at the announcement.
The 2026 Heisman Trophy market trades on Kalshi, which lists each contender as a separate contract. The board above ranks all of them by current price so you can see the full field at once.
CJ Carr sits at the front of the field as the most heavily backed name, with Arch Manning the next-closest contender. Check the live board above for the current ranking, which moves week to week through the season.
Watch health and games played above all, since a Heisman case requires a full season. Then track signature performances against ranked teams, each contender's team standing, and whether breakout passers like Darian Mensah and Julian Sayin sustain their early production into the fall.