AL Cy Young 2026: Schlittler vs Cease Odds

Schlittler's implied probability currently sits at 45.4%. The market has traded between 34.9% and 70.9% over the period. The market resolves to the official AL Cy Young winner for 2026. Should the award be shared, it picks the winner whose last name comes first alphabetically. If no winner is declared by the end of 2026—whether because the season is cancelled or otherwise—it settles as ‘Other’. The resolution relies on official MLB announcements or, if needed, a consensus of credible reports. The expiration date for the market is Nov 12, 2026. A cancellation of the 2026 season or a delay that pushes the Cy Young announcement past that deadline would force a settlement to ‘Other’. The identity of the winner—and thus any movement—is determined solely by the official winner announcement from Major League Baseball. Conflicting reports before the announcement could introduce temporary swings.