Antecedent (if this happens)
KXPGAR1LEAD-THOC26-JAN
Will James Nicholas lead at the end of Round 1 in the The Open Championship?
Series: KXPGAR1LEAD
Entity: James Nicholas
Expiration: 2026-08-02T04:00:00Z
Volume: 2173
YES ask: 0.0030
NO ask: 0.9990
Last: 0.0060
View on Kalshi
Rules
If James Nicholas is the leader at the end of Round 1 in the 2026 The Open Championship, then the market resolves to Yes.
Consequent (then it means this happened or will happen)
KXPGATOP40-THOC26-JNIC
The Open Championship: Will James Nicholas finish top 40?
Series: KXPGATOP40
Entity: James Nicholas
Expiration: 2026-08-02T04:00:00Z
Volume: 3142
YES ask: 0.1300
NO ask: 0.9300
Last: 0.1300
View on Kalshi
Rules
If James Nicholas finishes in the top 40 (including ties) in the 2026 The Open Championship, then the market resolves to Yes.
Confidence: none
Model: claude-sonnet-5
Screened: 2026-07-15T07:45:37Z
Code version: ecbe685
Reasoning: [structural reuse of KXPGAR1LEAD-THOC26-MTHO/KXPGATOP40-THOC26-MTHO] [structural reuse of KXPGAR1LEAD-THOC26-JROS/KXPGATOP40-THOC26-JROS] Leading after Round 1 does not guarantee a top40 finish due to possible collapse or withdrawal.
Strategy: Buy NO on antecedent + YES on consequent
Est. yield (after fees):
-93.65%
(negative yield)
Cost:
$1.1290
+ ~$0.0080 est. fees
Days to maturity:
17
Hurdle yield:
4.23%
Excess yield:
-97.88%
BELOW HURDLE