Cannes odds: Minotaur is a 56% favorite to win the Palme d'Or

The 79th Cannes Film Festival concludes today with the awards ceremony, and Kalshi traders have made their picks. After two weeks of screenings, press conferences, and critical buzz, the markets have shifted dramatically heading into the final day.

Andrey Zvyagintsev's Minotaur has surged to 56% to win the Palme d'Or, up sharply from where it started the festival, while the races for the Grand Prix and Jury Prize remain far more unsettled. Here's where traders stand as the jury prepares to announce the winners.

As mentioned above, Andrey Zvyagintsev's Minotaur is now the favorite to take home the top prize at Cannes. The film received an eight-minute standing ovation at its Cannes premiere, one of the longest of the festival.

La Bola Negra follows at 16% and Ryusuke Hamaguchi's All of a Sudden at 12%.

Minotaur also leads the market for the Cannes Grand Prix award at 22%, followed by All of a Sudden at 17% and Pawel Pawlikowski's Fatherland at 15%.

The market for the Cannes Jury Prize shows traders expect the award to end in some kind of tie, priced at 11%, followed by Fjord winning at 7% and Minotaur at 6%.

The takeaway:

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