Inter Miami CF remain the clear favourites to win the 2026 MLS Cup, according to the latest market pricing from regulated financial exchange Kalshi.
The defending champions are priced at 28 cents on Kalshi, which translates to approximately +257 in American odds format.
Inter Miami claimed the 2025 MLS Cup title, defeating the Vancouver Whitecaps FC in the final to secure their championship status heading into this campaign.
The Vancouver Whitecaps are the second most likely side to lift the trophy, priced at 14 cents, equivalent to around +614 in American odds.
Los Angeles FC sit third in the market at 12 cents, with Nashville SC just behind them at 11 cents, representing odds of +733 and +809 respectively.
Chicago Fire FC and Seattle Sounders FC are both priced at 7 cents, placing them among the mid-tier contenders with American odds of +1,329 apiece.
Further down the market, Orlando City SC are priced at 5 cents, while FC Cincinnati, New York City FC, San Jose Earthquakes, and Real Salt Lake are each available at 4 cents.
LA Galaxy and San Diego FC sit at 3 cents each, despite the Galaxy having won the 2024 MLS Cup title just two seasons ago.
Atlanta United FC and Austin FC are among the longest shots in the market, each priced at just 1 cent, reflecting very slim chances of a championship run.
The 2026 MLS Cup Playoffs will begin with Eastern and Western Conference Wild Card matches on Wednesday, November 18, with the final itself scheduled for December 20.
The top nine clubs in each conference will qualify for the postseason, with the No. 8 and No. 9 seeds meeting in a single-elimination Wild Card fixture before the winner faces the No. 1 seed.
The opening round is structured as a best-of-three series, while the Conference Semifinals, Conference Finals, and MLS Cup itself are all played as single-elimination matches.
Kalshi prices are expressed as percentages between 0 and 100 cents, representing the market’s estimated probability of a given outcome occurring, with each winning contract settling at one dollar.
A 28-cent Inter Miami contract, for example, would cost $28 for 100 contracts and return $100 if Miami wins the Cup, generating a $72 profit before fees are applied.
