Will San Jose win the MLS Cup?

Prediction markets currently give a 5% probability that Will San Jose win the MLS Cup?. This contract trades at 5¢ on Kalshi, closing January 8, 2027. San Jose's 4¢ price reflects a heavily underdog positioning with an extreme 3,317% implied yield for Yes holders, though the modest $675 daily volume and $11,817 open interest suggest thin liquidity that could amplify volatility.

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5¢
Bid/Ask 4/5¢·Spread 1¢·Vol $5,016.58·OI $19,046.58·Closes Jan 8, 2027·261d remaining
KXMLSCUP-26-SJ
7-day price12 snapshots · 41 regime
4¢4¢ current
Apr 111¢Apr 21

Analysis

2d ago

San Jose's 4¢ price reflects a heavily underdog positioning with an extreme 3,317% implied yield for Yes holders, though the modest $675 daily volume and $11,817 open interest suggest thin liquidity that could amplify volatility. The contract has doubled from 2¢ to 4¢ over seven days, signaling either shifting sentiment toward the Earthquakes or speculative positioning ahead of the 2026 season. With 264 days to expiry and a 24 Cliff Risk Index, this remains a high-risk, high-reward bet dependent on significant roster improvements or unexpected playoff performance from a historically struggling franchise.

Resolution rules

If San Jose is the 2026 Major League Soccer (MLS) Cup Champion, then the market resolves to Yes.

Indicators

IY (Yes) 3352.5%
IY (No) 5.8%
Adj IY 1257%
CRI 24
Overround -0.4%
LAS 0.25
▶ Full indicator table (6)
IndicatorValue
IY (Yes)3352.5%
IY (No)5.8%
Adj IY1257%
CRI24
Overround-0.4%
LAS0.25

Regime

Label
neutral
Score
0.5
Spread
1¢
Computed
4/22/2026, 7:55:22 AM
Has orderbookIndicators computed 4/22/2026, 7:53:23 AM

Trade

View on kalshisf trade KXMLSCUP-26-SJ yes 100

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