In just a few hours, the 98th Academy Awards will take place at Hollywood’s Dolby Theatre. Naturally, Kalshi is offering dozens of Oscar markets for this year’s ceremony.
But beyond individual award categories like Best Picture or Best Actor/Actress, Kalshi also offers a market on which film will win the most Oscars this year.
(Click here to see all our Academy Award markets in Kalshi’s 2026 Oscar Hub.)
Let’s take a closer look at which film is likely to come out on top this evening.
This is an opinion and not financial advice. The author cannot trade on Kalshi.
Most Oscars at the 98th Academy Awards
One Battle After Another is currently priced at 70¢ to take home the most Oscars this year. The film is nominated for no less than 13 Oscars at this year’s Academy Awards, including:
Best Supporting Actor (two nominations)
One Battle After Another has been favored to win the most Oscars on Kalshi since the market opened on February 18.
Meanwhile, Ryan Coogler’s Sinners is priced as the second most likely, with a 30% chance of winning the most awards. The film is nominated for 16 Oscars, which includes:
Best Picture
Best Director
Best Actor
Best Supporting Actor
Best Supporting Actress
Best Casting
Best Cinematography
Best Visual Effects
Best Production Design
Best Editing
Additionally, Kalshi has a direct market for exactly how many Oscars Sinners will be awarded. Currently, “4” is listed as the most likely option there, showing a 30% chance.
From there, One Battle After Another also has its own award category on Kalshi. At this time, the film is most heavily predicted to win “6” Oscars (31¢).
The takeaway
Kalshi markets now forecast:
Which film will win the most Oscars at the 98th Academy Awards?
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