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The Overround / Markets / Entertainment

Oscar Winner: Best Animated Feature Film

Priced on Kalshi and Polymarket at the same moment. These are raw ask prices, what it actually costs to take the position, margin included.

OutcomeKalshiPolymarketCheaper
Wildwood 55¢ 60¢ Kalshi
Toy Story 5 27¢ 24¢ Polymarket
Ray Gunn 14¢ 12.7¢ Polymarket
Tangles 7¢ 11.1¢ Kalshi
Iron Boy 7¢ –
Hoppers 6¢ 3.4¢ Polymarket
Forgotten Island 4¢ 6.6¢ Kalshi

The two venues disagree most on Wildwood: 55¢ on Kalshi against 60¢ on Polymarket, a gap of 5¢ on the same outcome.

Only outcomes with a live two-sided quote are shown. Polymarket prices are matched to this market by outcome name; where a name has no counterpart the cell is left empty rather than guessed. Prices as of Tue, 06 Oct 2026 05:44:05 UTC.

The overround on this market

Add up what it costs to back every outcome here and Kalshi's board comes to 123%, Polymarket's to 118.5%. A fair book sums to 100. The excess is the house's cut, paid by whoever trades, and it is the reason the same opinion costs different amounts in different places. That number is what this site is named after.

Your call

The market says 55%. It got there by making everyone who disagreed put money behind it. You do not have to, so this is the cheap version of the same question, and the interesting number is how far the two drift apart.

55%

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The record

What this market has cost every day since 6 August 2026, taken from the exchange's own published history. The line is the mid price, halfway between what a buyer would pay and a seller would take.

0 25 50 75 100 AugSeptOct Wildwood 54 Toy Story 5 28.5 Ray Gunn 13

Over this window Toy Story 5 went from 64 to 28.5, a move of 35.5 points away from happening.

The other 1 contract in this field is left off the chart rather than drawn in a colour nobody could tell apart; it is all in the table above. Kalshi removes a contract from its interface once it settles and Polymarket buries closed events, so this page is the copy that stays put. We also record our own snapshot once a day, independently, because a history published by the house is worth checking against one kept by somebody with no position in it.

See this on Kalshi See this on Polymarket

What settles this

Settlement source
Academy of Motion Picture Arts and Sciences
Contract terms
Kalshi product certification (PDF)
Closes
Fri, 31 Dec 2027 15:00:00 UTC
Resolution, for the Wildwood contract
If Wildwood has won Best Animated Feature Film at the 99th Academy Awards, then the market resolves to Yes.
Ticker
KXOSCARANIMATED-27

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