New Jersey Devils
Carolina Hurricanes 
Kalshi
Washington Capitals
Columbus Blue Jackets
Pittsburgh Penguins
New York Rangers
New York Islanders
Philadelphia FlyersThe Devils Are Priced to Lead the Chasing Pack, Not to Catch Carolina
The New Jersey Devils Metropolitan Division odds for 2026-27 rest on a judgment about everyone except Carolina: the market treats the Hurricanes as the clear favourite and the other seven clubs as a pack, and it puts the Devils at the front of that pack despite a season in which they finished seventh. The Devils play their home games at Prudential Center in Newark, where 42 of their 84 regular-season games are scheduled, and they are the only club in the division that carries New Jersey's name. Kalshi is the only exchange pricing this division contract, and the live board above shows its current prices.
Why the Metropolitan Division Price Puts the Devils Third
What the price is saying comes in two layers. The first is Carolina. Kalshi had the Hurricanes at 40% to win the division on October 5, 2026, roughly double the next club, and the reason is in the record: Carolina won the Metropolitan in 2025-26 with 113 points, 15 clear of anyone else in the division, then won the Stanley Cup, beating Montreal 4-1 in the Eastern Conference Final and Vegas 4-2 in the Final, according to the NHL's standings and playoff bracket. A defending champion that won its division by 15 points is the natural anchor for a division price, and a 40% figure means the market still expects Carolina to be beaten by somebody more often than not over 84 games.
The second layer is the order behind Carolina, and that is where the Devils' price is interesting. On October 5, 2026 Kalshi had the Washington Capitals at 22%, the Devils at 10%, the Pittsburgh Penguins and Columbus Blue Jackets at 7% each, the New York Rangers at 6%, the Philadelphia Flyers at 4% and the New York Islanders at 3%. The market rates New Jersey ahead of Pittsburgh and Philadelphia, the two Metropolitan clubs besides Carolina that made the 2026 playoffs, each with 98 points, 11 more than the Devils' 87. The price is a forward-looking judgment that last season's table understates the Devils relative to those two, rather than a reading of the table itself.
That makes Kalshi's 10% on the Devils on October 5, 2026 a modest bet on a rebound rather than a vote of confidence. The market treats them as the third most likely winner of a division in which the second most likely, Washington, finished with 95 points and missed the playoffs.
The Metropolitan Division Table the Devils Start From
The NHL's final 2025-26 standings, dated April 17, 2026, read: Carolina 113 points, Pittsburgh 98, Philadelphia 98, Washington 95, Columbus 92, the Islanders 91, the Devils 87 and the Rangers 77. The Devils' 42 wins were one more than Pittsburgh's and two more than Columbus's. What left them seventh was the loss column: 37 regulation losses, more than any division club except the Rangers' 39, against only three overtime losses. Pittsburgh's 98 points came from 41 wins, 25 regulation losses and 16 overtime losses, and those 16 single points were the whole difference between the two clubs and more.
That split is the best argument for the market's ordering. On wins the Devils sat within one of Pittsburgh, Philadelphia, Washington and the Islanders; the points they did not collect came from games lost in regulation rather than games taken to overtime and lost. A reader who sees the 87 points that way sees a club closer to the middle of the division than its finish suggests, which is roughly what a third-place price says.
The 2026-27 season started on October 1. The Devils beat Philadelphia 3-2 in overtime at Prudential Center that night, then lost 6-0 to the Islanders at UBS Arena on October 3. The NHL's standings on October 5 had the Rangers first in the division with six points from four games, Pittsburgh on four, Carolina on three from three games, and five clubs, the Devils among them, on two. None of that is information yet; it is the shape of an 84-game race in its first week.
The division race is decided mostly inside the division. Of the Devils' 84 games, 28 are against the other seven Metropolitan clubs, four apiece. Those are the games in which a point gained is also a point taken from a rival, and they are spread unevenly: the Devils play the Rangers three times between December 7 and December 22, and all four games against Carolina fall between February 23 and April 3, 2027.
The Case Against the Metropolitan Division Read
The strongest case against the read runs in both directions at once. One holder of it says Kalshi's 40% on Carolina is too little: a club that won the division by 15 points and then the Cup returns as the team to beat, and a division title is a regular-season prize that rewards depth, which a champion tends to have. The other says the Devils' third place on Kalshi's board on October 5, 2026, at 10%, is generous: a team that finished seventh, with 37 regulation losses, is being priced ahead of two playoff clubs on little more than the expectation of a rebound, and the October 3 loss on Long Island is an early sign that the gap is real.
Both views share a premise the price does not: that last season is a good guide to this one. The board is also thin. Total volume on the division contract was $26.2K on October 5, 2026, a small fraction of the $4.24M traded on the Stanley Cup board, and a single exchange sets every price on it. A thin, one-venue board moves on less information than a deep one, and a reader should weigh a 10% figure here accordingly.
What Changes the Metropolitan Division Read
The read breaks if the Devils are clear of Pittsburgh and Philadelphia in the table by the new year, or if Carolina opens a double-digit lead before the four head-to-head games.
• October 15 and October 17: the Rangers at Prudential Center and Washington at Capital One Arena, the first two division games after the opening week.
• November 12 and November 14: a home-and-away pair with Washington, the club priced second.
• December 7, December 15 and December 22: three games against the Rangers, two at Madison Square Garden.
• February 23, March 13, March 29 and April 3, 2027: the four games against Carolina, two at Prudential Center and two at Lenovo Center.
• April 10, 2027: the Devils' last regular-season game, at home against Pittsburgh.
When the Metropolitan Division Market Resolves
The market resolves on the 2026-27 Metropolitan Division winner. Kalshi pays Yes on the Devils' contract if New Jersey wins the division; the contracts close after the winner is declared, with an expected expiration of April 17, 2027 and a latest expiration of May 1, 2027, and the NHL, ESPN and Fox Sports are the named sources. The Devils' regular season ends on April 10, 2027.
Related New Jersey Markets Beyond the Metropolitan Division Odds
The Devils' results and schedule are on the Devils team page. The state's other clubs, from the Red Bulls in Harrison to the two football teams at MetLife Stadium, are gathered on the sports hub, and every contract the site follows is on the markets page.
