The Masters 2027

The 2027 Masters is the one golf major with a live board, and it already trades. Kalshi lists 51 names for the tournament and turned $20,948 in a day, with 15 of them changing hands.

Scottie Scheffler leads at 22.5%, about twice Rory McIlroy at 11.5%, with Jon Rahm third at 6.25%. Nobody else is above 4%.

The money is not on the favorites. The day's busiest legs were Michael Brennan at $6,795, Xander Schauffele at $4,688 and Tiger Woods at $3,361; Scheffler took $2,428 and McIlroy $404.

Below the Masters board: the golfers priced to win any major in 2027, Scheffler's grand slam contract, and the 2027 Ryder Cup.

Left, the Masters board: Scheffler 22.5%, McIlroy 11.5%, Rahm 6.25%, then Cameron Young at 3.85%. Right, Kalshi's board on which golfers win any major in 2027. Each golfer there is priced on his own, so the legs do not sum to 100%: Scheffler 57.5%, McIlroy 43.5%, Rahm 25.5%. That board turned $2 today and its quotes are wide, so read it as marks.

The two favorites' Masters legs. Scheffler is quoted 22 bid, 23 offered and took $2,428 today. McIlroy is 10 bid, 13 offered on $404. Together they hold about a third of the board.

Scheffler to win the grand slam before 2028 is 6%, and it is the deepest golf position on the page: $179,395 of open interest, with $3,442 traded today. Beside it, the 2027 Ryder Cup: Team Europe 54%, Team USA 39%, a tie 7%, on $434, settling in September 2027.

• Scheffler's lead. 22.5% against 11.5% for McIlroy. The gap is the number to follow through the winter.
• Where the volume goes. The busiest legs today were Brennan, Schauffele and Woods, none priced above 3%.
• The majors board has not opened. Scheffler is marked 57.5% to win a major in 2027 on $2 of volume. When it trades, it should line up with the Masters board.
• The grand slam at 6%. $179,395 of open interest rides on Scheffler winning all four.
• Settlement. The Masters board settles April 11, 2027; the Ryder Cup in September 2027.