Antecedent (if this happens)
KXPGATOP5-VATO26-BCAU
Valero Texas Open: Will Bud Cauley finish top 5?
Series: KXPGATOP5
Entity: Bud Cauley
Expiration: 2026-04-19T00:00:00Z
Volume: 5601
YES ask: 0.1900
NO ask: 1.0000
Last: 0.1900
View on Kalshi
Rules
If Bud Cauley finishes in the top 5 (including ties) in the 2026 Valero Texas Open, then the market resolves to Yes.
Consequent (then it means this happened or will happen)
KXPGATOP20-VATO26-BCAU
Valero Texas Open: Will Bud Cauley finish top 20?
Series: KXPGATOP20
Entity: Bud Cauley
Expiration: 2026-04-19T00:00:00Z
Volume: 4069
YES ask: 0.6600
NO ask: 0.5100
Last: 0.5100
View on Kalshi
Rules
If Bud Cauley finishes in the top 20 (including ties) in the 2026 Valero Texas Open, then the market resolves to Yes.
Confidence: high
Model: claude-sonnet-4-6
Screened: 2026-04-02T08:12:14Z
Reasoning: Top 5 is a subset of top 20, so finishing top 5 necessarily means finishing top 20. The reverse does not hold.
Strategy: Buy NO on antecedent + YES on consequent
Yield:
N/A
Cost:
$1.6600
Days to maturity:
N/A
Hurdle yield:
N/A
Excess yield:
N/A