Malachi Toney's Heisman odds plummet on Polymarket

Malachi Toney’s Heisman odds plummeted on Polymarket Wednesday afternoon. Between 1 and 2 p.m. ET, Toney’s chances dipped from 20% to 6%, as far as his chances to win the award at the end of the year. Currently his teammate, Miami QB Darian Mensah, is the favorite to win the Heisman with a 36% chance. Ohio State wide receiver Jeremiah Smith and Notre Dame quarterback CJ Carr are at 28% and 11%, respectively. $19.99 gets you a FULL year of On3 | Rivals national coverage Through eight games this season, Toney has been on absurd pace for the Hurricanes as a sophomore. He has 73 catches for 1,027 yard, 13 touchdown and 14.1 yards per catch. Last year, he ad 109 catches for 1,211 yards, 10 touchdowns and 11.1 yards per catch. Toney’s been one of the stars of college football since his arrival to Coral Gables. Just last week, Toney inked a new NIL deal with JP Morgan Chase. The superstar wide receiver has at least one more season of college football before making a jump to the pros. JP Morgan Chase is the latest notable brand deal for Toney, who has a $2 million On3 NIL Valuation. He’s putting together an impressive follow-up to his breakout freshman season and enters Week 9 with the third-most receiving yards and touchdowns in the country. Through the partnership, Toney will work to bring awareness to scams, particularly those that impact young adults. He’s drawing on his own experience when he almost fell for a fake brand deal and will offer tips for people to avoid scams. “As a college athlete, I’ve seen how exciting it can be to get new opportunities through NIL and social media, but that also makes it important to know who you’re dealing with and recognize when something doesn’t feel right,” Toney said in a statement to On3. SUBSCRIBE to the On3 NIL and Sports Business Newsletter “Scams can happen to anyone, and I partnered with Chase because I want to help other young people recognize the warning signs, slow down and take the time to protect themselves and their money.” In addition to his NIL deal with JP Morgan Chase, Toney also has a high-profile agreement in place with Red Bull, which he announced in October. He also landed a deal with adidas as part of the brand’s growing athlete roster. Toney is repped by NETWORK. 18+ Only. Restrictions and eligibility requirements apply. Not available in all jurisdictions. Trading is risky. 100% loss can occur. See polymarket.com/tos for more information. The Polymarket US App serves as an independent software provider and affiliate of Polymarket US and Polymarket Clearing, the CFTC-regulated exchange and clearing organization.