These aren't real "polls". It's an illiquid betting market.
The "polls" are people who are willing to set the betting lines for other people and Kalshi is deriving a probability on it.
Let's say the best offer right now for Franklin NOT to be the next head coach is 3:1 odds. Somebody feels really confident about Franklin being the coach, so they go in and they stake $100 to raise the offer to 4:1. Kalshi moves the probability up when that happens. If somebody takes that offer and bets to win that $100 at 4:1 odds that Franklin won't be the coach, it moves the best odds being offered back down to the 3:1 odds. Kalshi then moves the probability back down.
But there's not enough action on the non-Franklin candidates for their probabilities to be a reliable gauge. Those can be easily moved by somebody betting on those candidates or offering different lines that make Kalshi calculate weird probabilities, which is what happened with Chesney briefly.
Thread Replies (3)
Chesney spiking in the polls. **
-- VaPoly07
Nov 03, 2025 at 02:11 PM ET
VaPoly07
•
11/03/25 02:11 PM ET
These aren't real "polls". It's an illiquid betting market.
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-- Lumbee09
Nov 03, 2025 at 03:36 PM ET
Lumbee09
•
11/03/25 03:36 PM ET
Chesney fell back to 5% already, weird...**
-- Telionis
Nov 03, 2025 at 02:31 PM ET
Telionis
•
11/03/25 02:31 PM ET