What is the fee on Kalshi for this market?

At the current typical price of 0¢, about 0¢ per contract (7% × price × (1 − price), rounded up, on orders that take liquidity). On a $50 trade that is about $3.48.

What win rate do I need to break even?

About 1% if you hold to settlement, against a market price of 0%. The gap is the fee.

Markets › Kalshi › Sports

Heisman Trophy Winner on Kalshi

If DeSean Bishop wins the College Football Heisman Trophy in the 2026-2027 college football season, then the market resolves to Yes.

Settles on: ESPN.

Market says (typical open contract)

Median YES price across 51 open contracts, 10 Nov 2026 09:57 UTC.

Real-world odds

—

No independent base rate yet. Until we connect one (sportsbook consensus, forecasts, the score), the market's own price is the best public forecast, and the fee sits on top of it.

Luck needed meter

1% 😈

All but decided, says the market. The remaining cents are the price of the rare surprise, and the fee comes off them first.

The cover charge

Fee and break-even by purchase price
If you buy at	Fee per contract	On $50	Win rate to break even
1¢ (now)	0.1¢	$3.47	1.1%
30¢	1.5¢	$2.45	31.5%
50¢	1.8¢	$1.75	51.7%
70¢	1.5¢	$1.05	71.5%
90¢	0.6¢	$0.35	90.6%

Makers also pay a smaller fee on this series. Formula: 7% × contracts × price × (1 − price), rounded up, on orders that take liquidity. Break-even assumes you hold to settlement; trading out early pays the fee twice.

How long until your balance is $0 in this market? →

Open contracts right now

Open contracts in this series with price, implied probability, volume and close time
Contract	YES price	Implied	Fee at this price	Real-world odds	Luck needed	Volume	Closes
Who will win Heisman Trophy? · Malachi Toney	0¢	0%	0.0¢	—	1%	3,265,068	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Jeremiah Smith	26¢	26%	1.3¢	—	51%	2,958,114	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Darian Mensah	28¢	28%	1.4¢	—	55%	2,541,946	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Trinidad Chambliss	0¢	0%	0.0¢	—	1%	2,245,012	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Keelon Russell	4¢	4%	0.2¢	—	7%	1,975,760	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Kamario Taylor	0¢	0%	0.0¢	—	1%	1,871,507	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · CJ Carr	27¢	27%	1.4¢	—	54%	1,797,856	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Devon Dampier	6¢	6%	0.4¢	—	13%	1,769,445	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Sam Leavitt	0¢	0%	0.0¢	—	1%	1,684,608	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Bear Bachmeier	0¢	0%	0.0¢	—	1%	1,610,074	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Drew Mestemaker	4¢	4%	0.3¢	—	9%	1,591,611	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Arch Manning	0¢	0%	0.0¢	—	1%	1,524,816	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Jadan Baugh	0¢	0%	0.0¢	—	1%	1,458,090	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Gunner Stockton	4¢	4%	0.3¢	—	9%	1,343,365	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Jayden Maiava	0¢	0%	0.0¢	—	1%	1,274,431	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · LaNorris Sellers	2¢	2%	0.2¢	—	5%	1,249,900	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Kevin Jennings	0¢	0%	0.0¢	—	1%	1,184,293	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Julian Sayin	0¢	0%	0.0¢	—	1%	1,154,854	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Josh Hoover	0¢	0%	0.0¢	—	1%	1,121,793	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Dante Moore	0¢	0%	0.0¢	—	1%	964,362	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · John Mateer	0¢	0%	0.0¢	—	1%	899,071	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Faizon Brandon	0¢	0%	0.0¢	—	1%	753,847	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Jesse Legree	0¢	0%	0.0¢	—	1%	749,084	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Lincoln Kienholz	0¢	0%	0.0¢	—	1%	717,710	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Rocco Becht	0¢	0%	0.0¢	—	1%	534,989	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Conner Weigman	0¢	0%	0.0¢	—	1%	499,141	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Marcel Reed	0¢	0%	0.0¢	—	1%	425,507	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Bryce Underwood	0¢	0%	0.0¢	—	1%	419,503	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Jaron-Keawe Sagapolutele	0¢	0%	0.0¢	—	1%	393,060	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Byrum Brown	0¢	0%	0.0¢	—	1%	355,143	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Austin Simmons	0¢	0%	0.0¢	—	1%	305,387	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Kewan Lacy	0¢	0%	0.0¢	—	1%	248,575	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Ahmad Hardy	0¢	0%	0.0¢	—	1%	221,424	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Brendan Sorsby	0¢	0%	0.0¢	—	1%	211,198	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Wayne Knight	0¢	0%	0.0¢	—	1%	158,031	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Will Hammond	0¢	0%	0.0¢	—	1%	148,281	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Demond Williams Jr.	0¢	0%	0.0¢	—	1%	121,771	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Bo Jackson	0¢	0%	0.0¢	—	1%	85,350	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Anthony Colandrea	0¢	0%	0.0¢	—	1%	73,076	Jan 01, 15:00 UTC
Who will win Heisman Trophy? · Colin Simmons	0¢	0%	0.0¢	—	1%	70,302	Jan 01, 15:00 UTC

Showing the 40 most traded of 51 open contracts.

Who actually wins this market

Whoever posts the resting orders and collects the spread.
The venue, on every fee.
Not, on average, the person clicking buy because the chart is going their way. That was us.

Still want to play? Read the deal first: what the account asks for, what the bonus really is, and whether we are paid. Vendors sell bots for markets like this one; see the bot benchmark before you pay for one.