Inter Miami remain the betting favorites to defend their MLS Cup crown, but the race is tightening as the 2026 regular season enters the stretch run.
Nashville SC have emerged as a serious threat after opening a commanding lead atop the Eastern Conference, while the Vancouver Whitecaps lead the West and remain among the top contenders in the latest MLS Cup odds.
Check out the latest MLS odds and betting information throughout the 2026 season.
2026 MLS Cup odds
| Team | Kalshi odds |
|---|---|
 Inter Miami CF |
20¢ |
 Vancouver Whitecaps FC |
18¢ |
 Nashville SC |
18¢ |
 Los Angeles FC |
10¢ |
 Chicago Fire FC |
7¢ |
 Houston Dynamo FC |
6¢ |
 FC Cincinnati |
4¢ |
 New York City FC |
4¢ |
Odds as of 8-24. Percentages courtesy of Kalshi.
Kalshi is a regulated financial exchange where you trade on real-world event outcomes. Instead of traditional odds, prices are listed as percentages (0-100%), representing the market’s estimated probability of an event occurring.
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What is the MLS Cup Playoffs format?
The top nine clubs in each conference qualify for the 2026 MLS Cup Playoffs. The No. 8 and No. 9 seeds meet in a single-elimination Wild Card match, with the winner advancing to face the conference's No. 1 seed.
The opening round is played as a best-of-three series. The Conference Semifinals, Conference Finals, and MLS Cup are then played as single-elimination matches.
When are the 2026 MLS Cup Playoffs?
The 2026 MLS Cup Playoffs begin with the Eastern and Western Conference Wild Card matches on Wednesday, November 18. Round One begins on November 20, with MLS Cup scheduled for December 20.
Past MLS Cup champions
| Year | Champion | Runner-up |
|---|---|---|
| 2025 | Inter Miami CF | Vancouver Whitecaps FC |
| 2024 | LA Galaxy | New York Red Bulls |
| 2023 | Columbus Crew | Los Angeles FC |
| 2022 | Los Angeles FC | Philadelphia Union |
| 2021 | New York City FC | Portland Timbers |
| 2020 | Columbus Crew | Seattle Sounders FC |
| 2019 | Seattle Sounders FC | Toronto FC |
| 2018 | Atlanta United FC | Portland Timbers |
| 2017 | Toronto FC | Seattle Sounders FC |
| 2016 | Seattle Sounders FC | Toronto FC |
| 2015 | Portland Timbers | Columbus Crew |
| 2014 | LA Galaxy | New England Revolution |
| 2013 | Sporting Kansas City | Real Salt Lake |
| 2012 | LA Galaxy | Houston Dynamo |
How to bet on MLS Cup odds
MLS Cup odds change throughout the season based on results, player transfers, injuries, suspensions, and the likelihood that each club qualifies for the playoffs. Market activity can also move prices as bettors buy and sell contracts .
Kalshi MLS Cup markets are priced between 1 cent and 99 cents. The price represents approximately how likely the market believes an outcome is to happen, and each winning Yes contract settles at $1.
For example, an Inter Miami Yes contract priced at 28 cents would cost $28 for 100 contracts. Those contracts would return $100 if Inter Miami wins the MLS Cup, producing a $72 profit before fees.
Kalshi contract prices can also be converted into approximate American odds. A 28-cent contract is equivalent to roughly +257, while a 50-cent contract is equivalent to +100.
Use our odds converter tool to compare American, decimal, and fractional odds.
MLS Cup Odds FAQs
Inter Miami CF won last year's MLS Cup over the Vancouver Whitecaps FC.
The L.A. Galaxy have won an MLS record six championships, with DC United just behind with four.
In total, 16 different teams have won the MLS Cup, including first-time winners Inter Miami CF last year.
Inter Miami CF are the betting favorites to repeat as MLS Cup champions in 2026.
