| Spread | Total | ML | Best ML | |
|---|---|---|---|---|
Commanders | +3.5 β | O 350.5 β | 0%0% | β |
Ravens | -3.5 β | U 350.5 β | 100%100% | 100% Kalshi |


| Spread | Total | Moneyline | Best ML | |
|---|---|---|---|---|
Washington Commanders | +3.5 β | O 350.5 β | 0%0% | β |
Baltimore Ravens | -3.5 β | U 350.5 β | 100%100% | 100% Kalshi |
Baltimore is the 60c favorite over Washington (41c) for the 6:00 PM ET preseason finale at M&T Bank Stadium on Friday, August 28, 2026, the third and last exhibition for both clubs. Kalshi and Polymarket sit on the exact same number on both sides of the moneyline, so the winner carries no cross-platform disagreement at all. The number is a participation read rather than a talent read: across two preseason games Baltimore's passing has come entirely from Joe Fagnano, Tyler Huntley and Austin Reed, and Washington's starter has thrown one pass. Preseason results do not carry into the regular season.
Baltimore hosts Washington at M&T Bank Stadium at 6:00 PM ET on Friday, August 28, 2026, in the third and final preseason game for both teams. The board prices Baltimore near 60c and Washington near 41c, and that gap is measuring two coaching decisions rather than two depth charts. Baltimore is 2-0 in the preseason and Washington is 1-1, but the quarterbacks who produced those marks are largely the ones competing for the last spots on a 53-man roster, and rosters come down to 53 in the days right after the final preseason weekend, which ends Saturday, August 29, 2026. Neither club has published a participation plan for this game that can be sourced, so treat the number as a range rather than a read.
The Commanders vs Ravens board trades on both Kalshi and Polymarket and carries roughly $54.8K in lifetime volume across the moneyline, spread and total. The Baltimore moneyline line holds about $24.7K of that and the Washington side about $10.1K, with Kalshi carrying $21.7K and $7.1K of those two respectively and Polymarket's single game market carrying about $3K. As of Wednesday, August 26, 2026, Baltimore sits at 60c on Kalshi and 60c on Polymarket, an implied 60% win probability, and Washington sits at 41c on both books. A 0c cross-platform gap on both sides of a two-way market means the exchanges are reading this game identically, so there is no pricing disagreement on the winner to work with.
The alt ladders carry more information than the moneyline. Kalshi's heaviest single line on the entire board is Baltimore -2.5 at 51c with about $14.7K in lifetime volume, with Baltimore -1.5 at 57c, Baltimore -3.5 at 48c, Baltimore -4.5 at 45c and Baltimore -5.5 at 41c above and below it. Polymarket carries its own rungs at BAL -2.5 (51c) and BAL -3.5 (48c) and lands on the identical prices. That centers the market handicap at 2.5 to 3.5 points, and it matches the sportsbook number: DraftKings has Baltimore -2.5 with a moneyline of -143 against Washington at +119. The total is priced tight, with over 35.5 at 48c on Kalshi against 47c on Polymarket and over 34.5 at 50c against 51c, so the market is treating 34.5 to 35.5 combined points as close to a coin flip. Kalshi's over ladder runs from 87c on over 20.5 down through 74c on over 26.5, 65c on over 29.5 and 38c on over 38.5.
The board has barely moved. Across 51 Kalshi captures running from midday Tuesday, August 25, 2026 through late morning Wednesday, August 26, 2026, the Baltimore moneyline held a 60c to 61c band and closed that window at 60c, while Polymarket's 15 captures never left 60c. Washington held a 41c to 42c band over 46 Kalshi captures and never left 41c on Polymarket. The only rung that moved at all in the captured window is Kalshi's Baltimore -2.5, which drifted from 52c to 51c over 22 captures. That is roughly one day of snapshot history and no more, so scope any movement claim to it.
The box scores from the first two weeks are the best available evidence on participation. Every Baltimore preseason pass has come from Joe Fagnano (22 of 28 for 224 yards against Philadelphia, then 15 of 20 for 123 yards at Minnesota), Tyler Huntley and Austin Reed. Lamar Jackson has not attempted a preseason pass. Washington has split its work between Athan Kaliakmanis (11 of 14 for 162 yards at Detroit) and Sam Hartman, with Marcus Mariota taking two attempts in the opener and Jayden Daniels taking exactly one, an incompletion against Detroit. A board that reads 60c to 41c on team names is pricing a game that the players on those team names have mostly not played in.
The results underneath are real but thin. Baltimore beat Philadelphia 24-7 on August 15, 2026 and won at Minnesota 13-3 on August 22, allowing 10 points across two games. Washington beat Miami 20-7 on August 14 and lost at Detroit 17-13 on August 22. All four of those games finished under 35.5 combined points, with a high of 31 and a low of 16, which is context for a total the market has priced near even money at that number.
Availability narrows it further. Baltimore's ESPN injury report lists Zay Flowers, Nnamdi Madubuike and Bilhal Kone as questionable with estimated return dates of September 13, 2026, Jamon Johnson questionable with a thumb injury, and Danny Pinter on injured reserve. Washington lists Drake Jackson on injured reserve and Ben Sinnott questionable with an estimated return of September 13, plus both listed running backs, Rachaad White (hamstring) and Jacory Croskey-Merritt (lower body), and Tim Settle (calf) as questionable. Weather is not a factor: the M&T Bank Stadium forecast is 81F with a 34% precipitation chance and 6 mph gusts. The honest read is that a favorite priced on paper can be an underdog on who dresses, and there is no public participation list to resolve it before kickoff.
The moneyline resolves to the team that wins the game at M&T Bank Stadium on Friday, August 28, 2026. Each winning team contract pays $1 per share and the losing side resolves to $0. The spread rungs settle against the final margin and the total rungs against combined points scored by both teams. NFL preseason games are not played to overtime under current rules, so a tie is on the board, and each platform settles a tied game under its own published rules. If the game is postponed or canceled, both exchanges resolve under their event-specific cancellation policies.
Quarterback participation: Lamar Jackson has zero preseason pass attempts and Jayden Daniels has one, so the identity of the Week 4 quarterback rooms is the single largest unpriced variable.
Roster cutdown pressure: rosters must come down to 53 players in the days following the final preseason weekend ending Saturday, August 29, 2026, which puts most of the snaps in the hands of players auditioning for jobs.
Baltimore availability: Zay Flowers, Nnamdi Madubuike and Bilhal Kone all carry ESPN-listed estimated return dates of September 13, 2026, which points away from an appearance here.
Washington backfield: Rachaad White and Jacory Croskey-Merritt are both listed questionable, leaving the run-game workload undefined at kickoff.
Spread versus moneyline: Baltimore -2.5 at 51c is the heaviest line on the board at about $14.7K, and it agrees with the DraftKings number of -2.5, so the handicap is the better-supported price than the 60c winner.
Total history: all four preseason games these two teams have played finished under 35.5 combined points, against a market that prices over 35.5 near 48c.
The Baltimore Ravens hub and the Washington Commanders hub carry every live board for both clubs, and NFL games today lists the rest of the final preseason slate. For season-long context only, the Ravens 2026 win total, the Commanders 2026 win total and the AFC North division market are the boards that price the actual seasons, and none of them settle on anything that happens in an exhibition game. Washington's previous outing is broken down on the Commanders vs Lions preseason board, and the full league surface sits at NFL prediction markets.
Resolves to the team that wins the preseason game between the Washington Commanders and the Baltimore Ravens at M&T Bank Stadium in Baltimore, Maryland on Friday, August 28, 2026, with a scheduled kickoff of 6:00 PM ET. Each winning team contract pays $1 per share and every other team contract on the moneyline resolves to $0. Spread contracts settle against the final margin of victory and total contracts settle against the combined points scored by both teams. NFL preseason games are not played to overtime under current rules, so a tied final score is possible and each platform settles a tie under its own published game rules. If the game is postponed beyond the scheduled date or canceled, Kalshi and Polymarket resolve the contracts under their event-specific cancellation policies.
As of Wednesday, August 26, 2026, Baltimore is 60c on both Kalshi and Polymarket and Washington is 41c on both books. Kalshi's spread ladder centers on Baltimore -2.5 at 51c and the total prices over 35.5 at 48c.
Baltimore is favored at 60c, an implied 60% win probability, with Washington at 41c. DraftKings has the same read with Baltimore at -143 and Washington at +119.
The market handicap sits at Baltimore -2.5 to -3.5, priced at 51c and 48c on Kalshi with Polymarket landing on the identical numbers. The total is near even money at 34.5 to 35.5 combined points.
Both Kalshi and Polymarket list the game, with roughly $54.8K in combined lifetime volume across the moneyline, spread and total. Kalshi carries the deeper alt ladders on both the spread and the total.
It resolves on the final score of the preseason game at M&T Bank Stadium on Friday, August 28, 2026, with kickoff scheduled for 6:00 PM ET on NFL Network, WBAL-TV and WUSA9.
Watch for a participation announcement from either head coach. Lamar Jackson has not attempted a preseason pass and Jayden Daniels has attempted one, so the quarterback rooms that take the field in the final week before cuts are the variable the 60c price is not showing.