Jeremiah Smith gains ground as Heisman contracts move sharply apart

Ohio State receiver Jeremiah Smith’s Heisman Trophy contract on Kalshi rose 12 points to 37 percent, according to PredictionBubbles. The reported trading volume was 2.7 million dollars.

The update, published Nov 5, 2026, at 6:15 AM ET, placed Smith’s contract among the biggest sports-market movers on the PredictionBubbles board over the last 24 hours.

Heisman contracts head in opposite directions

Malachi Toney’s Heisman contract declined 20 points to 1 percent, according to PredictionBubbles. Reported trading volume for that contract was 3.2 million dollars.

Toney’s contract therefore recorded a larger point move and more trading volume than Smith’s, but in the opposite direction. The supplied summary does not identify what prompted either shift.

What it means for prediction markets

• Smith’s rise to 37 percent marks a substantial upward repricing, though his contract remains below 50 percent.
• Toney’s fall to 1 percent shows a sharp reduction in the market’s assessment of his Heisman prospects.
• The reported volumes provide context for the moves, but the summary does not specify their measurement period or establish a cause for the price changes.