Week 2 overreactions, price movements at Kalshi, Polymarket, NFL prediction markets: Browns, Dolphins, Titans

Three Week 1 losers are still bleeding price days later. Tampa Bay has climbed to $0.79 per share to beat Cleveland, ticking up again since this article first published and now up four cents total since Sunday's result, while Philadelphia has held steady at $0.76 per share to beat Tennessee after both teams' prices stopped moving. The latest Kalshi promo code CBSSPORTS55 gives new users a $55 bonus after $25 in trades. Claim $55 in trading bonus credits after $25 in trades here with the Kalshi promo code CBSSPORTS55:

Miami has kept sliding too, down to roughly $0.105 per share to beat San Francisco from the $0.115 seen earlier this week, while the 49ers have held steady at $0.90 per share. Not every move looks the same once you check the game behind it.

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Three Week 2 overreactions, price changes to weigh

Tennessee's price movement looks like an overreaction

Tennessee's 23-10 to the Jets in Week 1 has everyone's attention, and Philadelphia's price to beat the Titans in Week 2 has climbed from $0.71 to $0.76 since Sunday, pushing Tennessee down to $0.24 per share. The gap is the Eagles side of the ledger did not exactly inspire confidence either, Philadelphia needed a late defensive stop to hold off Washington 24-22 at home in a game most expected them to win with room to spare. The market moved five points against Tennessee for a competitive road loss while barely adjusting for an Eagles team that nearly let its own home opener slip away. That combination is the clearest case among these three that Tennessee's price reflects the loss more than the film. Trade on the game here with the Kalshi promo code CBSSPORTS55 and earn a $55 trading bonus:

Cleveland's price movement is more defensible

Cleveland was blown out 34-10 by Jacksonville, and Tampa Bay's price to beat the Browns has moved from $0.75 to $0.79 since Sunday, pushing Cleveland down to $0.21 per share. Tampa Bay also lost in Week 1, falling 33 to 27 on the road to Cincinnati, but the shape of the two losses was different. The Buccaneers stayed competitive in a shootout against a team that finished tied for the seventh-highest Kalshi championship price entering the week, while Cleveland managed only 10 points in a lopsided road loss. A four-point market move against a team that scored 10 in a blowout, set against a team that scored 27 in a loss, is a narrower gap than the Tennessee example and reads more like a fair repricing than an overreaction. Trade on the game here with the Kalshi promo code CBSSPORTS55 and earn a $55 trading bonus:

Miami's price movement is the most justified of the three

Miami's price to beat San Francisco has kept sliding since this piece first published, down to roughly $0.105 per share from the $0.115 seen earlier this week, continuing in the same direction days after the Dolphins' 27-13 loss to Las Vegas. San Francisco's own price has barely moved, holding near $0.90 per share, which means nearly all of the additional movement is coming from Miami's side rather than an improved 49ers number. Miami still faces the toughest follow-up matchup of the three teams here: San Francisco is fresh off a 27-7 win over the Rams in Melbourne, a team that entered that week priced as Kalshi's top team to win the championship. Of the three teams that lost badly in Week 1, Miami's price has moved the smallest amount in raw terms since Sunday, but the continued drift toward San Francisco this week suggests the market still sees Miami's spot as the most lopsided of the three, not the most overblown. Trade on the game here with the Kalshi promo code CBSSPORTS55 and earn a $55 trading bonus:

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