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The San Antonio Spurs made up substantial ground in NBA Finals prediction markets after the team clawed its first win of the series Monday and cut the deficit to 2-1.

The New York Knicks are still favored to win the series, although they’re down to 63% from as high as 79% at Kalshi.

• The Spurs gained 16% probability of winning the Finals by stealing Game 3.
  
  
• Prediction market users like the Knicks to win Game 4.
  
  
• Jalen Brunson has stayed fairly consistent in Finals MVP markets; Victor Wembanyama and Karl-Anthony Towns have been volatile.

No team in NBA history has lost the first two games of the NBA Finals at home and gone on to win the championship. The Spurs still have a long way to go to rewrite the history books, but they took a crucial step with Monday’s 115-111 win at Madison Square Garden.

Kalshi users gave the Spurs a 64% chance to win the Finals before the series began. They still had a 53% chance even after they lost Game 1, but they plummeted to as low as 21% after going down 0-2. 

Support flipped in favor of the Knicks for Game 3, where they were 2.5-point favorites. The apple cart was upset once again, as Victor Wembanyama’s 32 points, eight rebounds, and six assists powered the visitors over the line. 

The latest prediction market data from Kalshi suggests the Knicks have a 63% chance of winning the Finals, while the Spurs have a 37%. Nearly $290 million has been traded since the market opened after the conclusion of last year’s Finals. 

A win for the Spurs in Game 4 could make them the favorites to win the Finals, seeing as they’d host two of the final three matchups. The Knicks are still favored in Game 4, but only just, at -1.5.

Kalshi’s Game 4 prediction market has the Knicks at a 53% chance of winning the crucial fourth encounter, with very little movement since the final buzzer sounded in last night’s thriller. The Spurs have a 47% chance, which has also virtually not changed during that period..

NBA Finals MVP prediction markets have proved to be fairly volatile through three games.

Wembanyama, who had a 63% chance of winning the award a week ago, is down to 36%. He had fallen as low as 18% when his team was down 0-2. 

Jalen Brunson has seen the least movement, settling at 47%, after entering the series at 32%. His probability essentially hasn’t changed since the Knicks won Game 1.

Karl-Anthony Towns has already seen huge peaks and valleys. He surged from 6% to 38% entering Game 3, only to fall back to 14% after the loss.

The only other player with a likelihood of winning the Finals MVP greater than 1% is OG Anunoby, who scored 28 points in Game 3 and has averaged 20.7 points and 4.0 rebounds for the series. 

Kalshi users have traded nearly $12.6 million in the Finals MVP prediction market.

As things stand, the Finals MVP is unclear. All three players mentioned above have their selling points and shortcomings.

Wembanyama only shot 28.6% from the floor in Game 1 despite posting a 26-point, 12-rebound double-double. He followed that up by committing the pivotal turnover that led to Brunson’s game-winning free throw with seconds remaining in the fourth quarter, and then missed the game-winning jump shot. 

However, Wemby was back to his best in Game 3, with the aforementioned 32-point, eight-rebound, six-assist stat line. He has averaged 29 points, 9.7 boards, 3.3 dimes, and 3.3 blocks for the series.

Brunson has been instrumental in his team’s attack. Much of the Knicks’ offensive success has come from him blowing by his primary defender and getting two feet in the paint, which has triggered a series of rotations by the Spurs’ defenders that has often created open looks for teammates. He also showed up with big buckets in the fourth quarter of Game 1 and the game-winning free throw in Game 2.

That said, the Knicks guard was extremely inefficient and careless with the basketball. His 37% field-goal and 31.8% 3-point shooting are well below his standard, and he logged just as many turnovers as he did assists. 

Towns was the Knicks’ best player in Games 1 and 2, although his scoring average (19.5 points) was still 5.5 points behind Brunson’s. He was also a relative no-show for Game 3, putting up 11 points, eight rebounds, and one assist, and only taking 10 shots.

This article originally appeared on Covers.com, read the full article here and view our best betting sites or check out our top sportsbook promos.