Who will win Vezina Trophy?

This Jeremy Swayman Vezina Trophy contract is pricing in an extremely unlikely outcome at just 1¢, implying a 16,404% annualized yield if he wins—an astronomical return that reflects the long odds and 72-day timeframe to the NHL season's end. The $21,298 open interest against only $46.79 in 24-hour volume suggests severe illiquidity and potential difficulty exiting positions, while the 3¢ realized volatility and 32 cliff risk index indicate this market experiences sharp, unpredictable price swings. The cross-venue data showing null pricing on Polymarket suggests limited consensus pricing elsewhere, making this Kalshi contract's 1¢ level difficult to validate against broader market sentiment.

Resolution rules

If Jeremy Swayman wins the NHL Vezina Trophy in the 2025-26 NHL season, then the market resolves to Yes.

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