Pair #441

Antecedent (if this happens)

KXNCAAF-27-MICH

Will Michigan win the College Football Playoff National Championship?

Series: KXNCAAF
Entity: Michigan
Expiration: 2027-01-26T04:00:00Z
Volume: 182139

YES ask: 0.0300
NO ask: 0.9800
Last: 0.0300

View on Kalshi

Rules If Michigan 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-MICH

Will Michigan qualify for the College Football Playoffs?

Series: KXNCAAFPLAYOFF
Entity: Michigan
Expiration: 2026-12-15T15:00:00Z
Volume: 2823

YES ask: 0.2600
NO ask: 0.7600
Last: 0.2600

View on Kalshi

Rules If Michigan is one of the teams to qualify for the College Football Playoffs, then the market resolves to Yes.
LLM Screening

Confidence: high
Model: claude-sonnet-4-6
Screened: 2026-03-18T08:09:49Z

Reasoning: 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
Yield: -29.24% (negative yield)
Cost: $1.2400
Days to maturity: 227
Hurdle yield: 4.32%
Excess yield: -33.56% BELOW HURDLE

Human Review

Decision: confirmed
Reviewed at: 2026-03-18T11:39:14Z

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