Antecedent (if this happens)
KXNCAAF-27-CAL
Will California win the College Football Playoff National Championship?
Series: KXNCAAF
Entity: California
Expiration: 2027-01-26T04:00:00Z
Volume: 14049
YES ask: 0.0100
NO ask: 1.0000
Last: 0.0100
View on Kalshi
Rules
If California wins the College Football Playoff National Championship Game, then the market resolves to Yes.
Consequent (then it means this happened or will happen)
KXNCAAFPLAYOFF-26-CAL
Will California qualify for the College Football Playoffs?
Series: KXNCAAFPLAYOFF
Entity: California
Expiration: 2026-12-15T15:00:00Z
Volume: 2654
YES ask: 0.0800
NO ask: 0.9500
Last: 0.0700
View on Kalshi
Rules
If California is one of the teams to qualify for the College Football Playoffs, then the market resolves to Yes.
Confidence: high
Model: claude-sonnet-4-6
Screened: 2026-07-13T07:45:27Z
Code version: ecbe685
Reasoning: [structural reuse of KXNCAAF-27-MICH/KXNCAAFPLAYOFF-26-MICH] Winning the CFP National Championship requires having qualified for the College Football Playoffs. So winning the championship necessitates playoff qualification, but not vice versa.
Strategy: Buy NO on antecedent + YES on consequent
Est. yield (after fees):
-14.18%
(negative yield)
Cost:
$1.0800
+ ~$0.0052 est. fees
Days to maturity:
195
Hurdle yield:
4.45%
Excess yield:
-18.64%
BELOW HURDLE