Ohio State championship contracts show sharply different prices across venues

Rivo’s November 4, 1:19 a.m. ET comparison put Ohio State’s college football championship contract at 5 cents on Kalshi and 16 cents on Gemini.

The 11-point difference was the second-largest spread among the markets Rivo tracks, according to its reporting. That ranking applies to its monitored markets, rather than every available prediction market.

A snapshot, not a guaranteed return

Rivo checks prices on every venue every five minutes. The comparison therefore captures a particular observation, not evidence that the same spread remained available afterward.

The report was published on Nov 4, 2026, at 1:30 AM ET. Its quoted prices came from the earlier 1:19 a.m. ET reading.

Costs and contract terms matter

According to Rivo, a price difference produces a payoff only after fees at both venues and their settlement rules are taken into account. The 5-cent and 16-cent quotes alone do not establish a net return.

What it means for prediction markets

• The venue matters: Ohio State’s championship contract carried an 11-point price difference between Kalshi and Gemini at the recorded time.
• The ranking has limits: This was the second-widest gap in Rivo’s tracked markets, not necessarily across the entire prediction-market landscape.
• Execution and settlement remain central: Both venues’ fees and settlement rules must be assessed before treating the quoted spread as a payable opportunity.