The 68th annual Grammy Awards are only a few hours away, and some of the biggest names in music will be on hand tonight at Crypto.com Arena in Los Angeles.
The majority of public interest surrounds the four major Grammy Awards: Song of the Year, Best New Artist, Record of the Year and Album of the Year.
As for the latter, there are eight nominations, but DeBÍ TiRAR MáS FOToS by Bad Bunny is the clear market favorite.
Album of the Year
The remaining seven nominees for Album of the Year are SWAG by Justin Bieber, GNX by Kendrick Lamar, Mayhem by Lady Gaga, Mutt by Leon Thomas, Let God Sort Em Out by Pharrell Williams, Man’s Best Friend by Sabrina Carpenter and CHROMAKOPIA by Tyler, the Creator.
Let’s take a deeper look at what Kalshi’s markets are saying
This is an opinion and not financial advice. The author cannot trade on Kalshi.
The favorites
As noted, Bad Bunny’s DeBÍ TiRAR MáS FOToS is priced at 67¢ to win the Grammy for Album of the Year, which leads all other contenders. It would be quite a couple of weeks for Bad Bunny if he were to win, since he is also set to perform at the big game’s halftime show one week from today.
If Bad Bunny’s sixth studio album, which was ranked as the best of 2025 by Complex, Rolling Stone and Billboard, does not win the Grammy, Mayhem by Lady Gaga (21%) and GNX by Kendrick Lamar (11%) are also trading strongly. Lady Gaga has won 17 Grammys previously while KDot has won 22, but neither artist has won the coveted Album of the Year.
No other album from 2025 is trading above three cents at this time.
The field
According to Kalshi’s traders, the remaining five nominees are not viewed as likely candidates for Album of the Year. Justin Bieber’s SWAG displays a three-percent chance. Bieber has won two Grammys throughout his career but he has come up short in three lifetime nominations for Album of the Year.
From there, Sabrina Carpenter’s Man’s Best Friend and Pharrell’s Let God Sort Em Out are both tagged with a 2¢ price tag on Kalshi. Tyler, the Creator’s CHROMAKOPIA shows only a one-percent probability to win.
However, Tyler is trading at 99¢ to perform at the 68th Grammy Awards.
MUTT by Leon Thomas is also given a one-percent likelihood to win Album of the Year. Over in Kalshi’s Grammy market for Best New Artist, Leon Thomas has a 17% shot to win, which lands second-best.
The takeaway
Bad Bunny, who seems to be everywhere right now, is a solid favorite to win his first Album of the Year Grammy. It is his second time being nominated for the award. Still, it would be wise to keep an eye on Kendrick Lamar’s and Lady Gaga’s respective prices.
The 68th annual Grammy Awards in downtown Los Angeles will be televised by CBS/Paramount+ today, February 1 at 8 p.m. ET.
Kalshi markets now forecast:
Grammy for 2025 Album of the Year:
(Click here to trade on which artists will perform at the 68th Grammy Awards)
Follow Gabriel Santiago on Instagram: @ByGabrielSantiago
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The opinions and perspectives presented in this article belong solely to the author. This is not financial advice. Trading on Kalshi involves risk and may not be appropriate for all. Members risk losing their cost to enter any transaction, including fees. You should carefully consider whether trading on Kalshi is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk. Information is provided for convenience only on an "AS IS" basis. Past performance is not necessarily indicative of future results. Kalshi is subject to U.S. regulatory oversight by the CFTC.