| Spread | Total | ML | Best ML | |
|---|---|---|---|---|
▶STET | — | — | 1% | 1% Kalshi |
▶SDST | — | — | — | — |
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South Dakota State opens 2026 at home against a Pioneer Football League team it outranks on every 2025 number: the Jackrabbits went 9-5, Stetson went 3-9 and was outscored 469 to 226. Kalshi is the only book on the game, printing South Dakota State at 100c against Stetson at 1c, with the exchange's own quote at 99 bid and 100 offered. The live board above carries the current prices.
South Dakota State opens the 2026 season at home against a Pioneer Football League opponent it outranks on every 2025 number, and the Kalshi board has priced it that way since the market opened on August 18, 2026. The Jackrabbits finished 9-5 last season and closed the year with a 41-3 win over New Hampshire on November 29 before a 29-50 loss at Montana on December 6. Stetson finished 3-9, was outscored 469 to 226, and lost 0-63 at Chattanooga and 7-59 to Harvard in the two games on its schedule that most resembled this one. The single moneyline board on this game trades on Kalshi only, and it prints as a penny against a dollar.
South Dakota State started 2025 at 7-0, beating Sacramento State 20-3 in the opener, Montana State 30-24 on the road, and Mercyhurst 51-7. The season then turned: four straight losses from October 26 to November 15, by 7-38 to North Dakota State, 12-24 to Indiana State, 17-24 at South Dakota, and 21-35 to Illinois State. That stretch left the Jackrabbits 4-4 against Missouri Valley Football Conference opponents and 8-4 through their first twelve games, with 330 points scored and 254 allowed. Dan Jackson is listed as the head coach for 2026, the same name ESPN carries for 2024 and 2025, so there is no staff turnover to price in. The game is at Dana J. Dykhouse Stadium in Brookings, South Dakota.
Stetson went 2-6 inside the Pioneer Football League in 2025 and 3-9 overall. The three wins came against Warner 59-13, Davidson 35-32, and Morehead State 21-14. The Hatters lost their own opener 21-31 at home to Webber International, then averaged 18.8 points scored and 39.1 allowed across the twelve-game season. The two road trips against scholarship programs are the closest available comparison to this assignment, and they produced 7 points combined. Mike Jasper is listed as head coach for 2026, again unchanged from 2024 and 2025.
Neither team has a 2026 record yet. This is Week 1, ESPN lists both at 0-0, and there is no conference standing to reference until the games are played. Every number above is a 2025 final, not a current-season form read.
This is a one-book market. Kalshi lists both moneyline legs and Polymarket has no counterpart contract on the game, so there is no cross-platform price to compare and no second opinion on the number. The NCAA football hub carries the rest of the weekend's boards for anyone who wants a wider slate.
The board prints South Dakota State at 100c and Stetson at 1c. Kalshi's own two-sided quote is tighter than that: 99 bid at 100 offered on the Jackrabbits, with the last trade at 99c. The Stetson leg is offered at 1c with no bid underneath it, which makes the underdog side a one-way market rather than a tradeable spread. Lifetime volume across the two legs is roughly 660,556 contracts, split 337,861 on Stetson and 322,882 on South Dakota State. At 1c, the Stetson side amounts to about $3.4K of actual premium, which is what a thin board looks like when the contract count is large and the price is not.
Snapshot history says the number has not moved. Twenty captures on the Stetson leg between the afternoon of August 25 and midday on August 26 all printed 1c, while its 24-hour volume climbed from 2,626 to 4,210 contracts. Trades went through and the price did not change. The South Dakota State leg carries a single capture in that window, at 100c, so there is no movement series to read on the favorite side and no basis for calling it flat or otherwise. A one-book FCS board at 99c is thin by construction, not broken.
The market resolves to the team that wins the Stetson at South Dakota State college football game originally scheduled for August 29, 2026. Each winning team contract pays $1 per share and the losing side settles at $0. Kalshi lists expiration on August 31, 2026, but the contract closes early once a winner is declared, on a 90-second settlement timer. If the game is postponed but starts within 48 hours of the original kickoff, the market stays open and settles on the official final result. If it is cancelled or has not started within 48 hours, Kalshi settles the market at a fair price rather than voiding it.
Two Missouri Valley Football Conference openers price alongside this one: Illinois State's home game against St. Francis on the same date, and North Dakota against LIU two days earlier. Illinois State beat South Dakota State 35-21 last November; North Dakota lost to the Jackrabbits 34-31 a week later. On the Pioneer Football League side, Valparaiso against Lawrence Tech and Drake against South Dakota Mines give the closest read on how the market prices Stetson's conference peers. For the season-long view of the sport, the College Football Playoff National Championship 2026-27 board covers the FBS side, which neither of these programs plays in.
Resolves to the team that wins the Stetson at South Dakota State college football game originally scheduled for August 29, 2026 at Dana J. Dykhouse Stadium in Brookings, South Dakota. Each winning team contract pays $1 per share and the losing side settles at $0. Kalshi lists expiration on August 31, 2026, but the contract closes early once a winner is declared, on a 90-second settlement timer. If the game is postponed but begins within 48 hours of the original scheduled start, the market remains open and resolves on the official final result. If the game is cancelled or has not started within 48 hours of the original start, Kalshi resolves the market at a fair price.
As of August 26, 2026 the board prints South Dakota State at 100c and Stetson at 1c. Kalshi's two-sided quote on the Jackrabbits is 99 bid at 100 offered, with the last trade at 99c, or roughly a 99% implied probability.
Kalshi lists both moneyline legs under event ticker KXNCAAFGAME-26AUG29STETSDST. Polymarket has no counterpart contract on this game, so it is a single-book board with no cross-platform price to compare.
South Dakota State, at about 99% implied probability. The Jackrabbits went 9-5 in 2025 in the Missouri Valley Football Conference; Stetson went 3-9 in the non-scholarship Pioneer Football League.
It resolves to the winner of the game scheduled for August 29, 2026 with a 6 p.m. Central kickoff. Kalshi lists expiration on August 31, 2026 but closes the market early once a winner is declared, on a 90-second settlement timer.
Watch whether a bid ever appears under the 1c Stetson offer, since the underdog side has been one-way and printed 1c on all 20 captures since August 25. The game airs on ESPN+ nationally and on KELO-TV and Midco Sports Net locally.