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Toledo vs. Michigan State

Crossbook compares what two exchanges, Polymarket and Kalshi, charge for the same event, and publishes a permanent scored record of its own forecasts under published rules.

Tracked on one venue, with Crossbook's own call on the record.

SettledEvent date Sat, 5 Sept 2026, 00:00 UTCLast checked 4 Sept 2026, 23:55 UTC
PM21.5%bid 21.0% / ask 22.0%24h volume $128K · liquidity $202Kas of 4 Sept, 23:55 UTC · not refreshed recentlyView on Polymarket

Crossbook forecast

  • 75.0%against a market price of 21.5% at the timeNO

    Logged 1 Sept 2026, 02:45 UTC · Brier 0.5625

    • Reference class: Big Ten vs. MAC non-conference matchup, presumably at Michigan State; the base rate strongly favors MSU (Toledo YES ~20%), so the market's 21.5% is broadly in line with the reference class.
    • Inside-view adjustments cut slightly against MSU: the Spartans have been a mediocre-to-bad Big Ten program recently, while Toledo is consistently one of the strongest MAC programs with a track record of competing with and occasionally beating P5 opponents — this is signal, not narrative, and pushes Toledo modestly above the generic MAC underdog rate, though not dramatically.
    • The 24h volume is only $13, so the 21.5% implied probability is thin and weakly informative; my independent ~25% Toledo estimate diverges only slightly from the market, and the gap is plausibly noise from a low-liquidity book rather than informed flow.

    What would change it: If Michigan State enters the season with a clearly improved roster/QB situation (or Toledo loses key starters), the true line would move toward the high end of the P5-vs-MAC base rate, pushing Toledo below ~18%.

    Settlement source

Context

Polymarket prices this at 22%. No verified equivalent is currently listed on the other venue, so there is no cross venue comparison on this page.

Volume over the last 24 hours is active, at about $127,864 on the busier venue.

This market has settled. The page is kept as a record of what the market said while the question was open, and of what Crossbook called.

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