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Hockey game markets

Kalshi lists a YES contract for each team in each game, paying $1 on a win, plus a goal-margin ladder and a full-game totals ladder. The NHL board lives here, with a preview for every game we have prices for.

KXNHLGAMEKXNHLSPREADKXNHLTOTAL checked Sep 22, 2026

Season: The NHL preseason runs for about a week in late September. The regular season opens at the end of September and runs to April.

The league

The NHL hub

The hub shows Kalshi's open game board when one is live, and our guides when it isn't. Another league joins this tier only after its series returns markets in a check we can date.

Previews

Every game we have written up

20 previews, Sep 22 to Oct 15. Each one carries the records, the injury report, the season series and the Kalshi price where a market is open, with the time we read it.

How a game market works

A team's price is a probability

  • Each team gets a YES contract that pays $1.00 on a win and $0 on a loss. A 52¢ price reads as roughly a 52% chance.
  • You buy at the ask and sell at the bid. The gap between them is a cost you pay twice if you trade in and out.
  • Kalshi's taker fee is 0.07 × contracts × price × (1 − price), rounded up to the cent. It peaks at 50¢, so the closest games cost the most to enter.
  • That fee moves your break-even above the price you paid. A 52¢ buy needs about 53.75% to come out flat.
Lesson 03: prices and fees

How this market settles

Hockey contracts on Kalshi

Shootout winOne goal to the winner
OvertimeCounts
Long delayLast fair price

Read from Kalshi's filed contract terms. Where the leagues under this tier settle differently, both are named. The one-line summary on a market page is not the contract; the terms are.

Trade Smart path

Related lessons

All lessons
Lesson 01Bankroll and unitsSize every position from money you could lose without touching rent. One unit is 1 to 2% of it.Lesson 02Cash out on purposeWrite the buy price, the sell target and the hold rule before the event starts.Lesson 03Kalshi prices and feesWhy 22¢ reads as about 22%, and how the spread and fees move your break-even.

21+Only risk what you can afford to lose. Set a money limit before you start, take profits on purpose and stop when you hit your limit. Not financial or betting advice. Gambling problem? Call or text 1-800-MY-RESET.

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