With the 98th Academy Awards just a few hours away, Kalshi traders are pricing Paul Thomas Anderson’s action-drama One Battle After Another as the clear favorite to win this year’s Best Cinematography Oscar.

The market shows cinematographer Michael Bauman’s odds at 77%. Sinners’ Autumn Durald Arkapaw is next at 21%, followed by Train Dreams’ Adolpho Veloso at 7%.

Best Cinematography

One Battle After Another

Bauman told Variety’s Jazz Tangcay that Anderson wanted the film’s look to evoke “the vein of 70s cinema,” citing films like The French Connection and The Last Detail.

“A lot of the movies in that period that had a certain stylistic roughness to it that he really felt was essential in telling this story,” Bauman said.

Bauman has already racked up awards for his work on the film, including an Outstanding Achievement award from the American Society of Cinematographers and Best Cinematography from the British Society of Cinematographers.  

What the critics are saying

Critics also noticed the style choices that Anderson and Bauman made for their political drama.

Variety’s Owen Gleiberman noted in his review how the duo “devised a visual style that’s mesmerizing in its flow, with lavishly detailed images that are oiled with a dark 70s grunge. Each shot carries you along, creating an exhilarating momentum that draws us in emotionally as well.”

The Ringer’s Adam Nayman also noticed the stylistic details in the key car chase scene that uses “desert landscapes as hallucinatory as Alejandro Jodorowsky, an eerie series of mirages set against a horizon that seems to recede the harder the characters push the pedal to the metal.”

Best Film Editing

Meanwhile, traders think that One Battle After Another will also pick up the Oscar for Best Film Editing. Editor Andy Jurgensen is priced at 82%, followed by F1’s Stephen Mirrione at 10%, and Sinners’ Michael P. Shawver at 8%.

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