Antecedent (if this happens)
KXPGATOP5-VATO26-ASCH
Valero Texas Open: Will Adam Schenk finish top 5?
Series: KXPGATOP5
Entity: Adam Schenk
Expiration: 2026-04-19T00:00:00Z
Volume: 1487
YES ask: 0.0200
NO ask: 1.0000
Last: 0.8300
View on Kalshi
Rules
If Adam Schenk 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-ASCH
Valero Texas Open: Will Adam Schenk finish top 20?
Series: KXPGATOP20
Entity: Adam Schenk
Expiration: 2026-04-19T00:00:00Z
Volume: 940
YES ask: 0.1500
NO ask: 0.9400
Last: 0.1600
View on Kalshi
Rules
If Adam Schenk 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: 2026-04-02T08:15:27Z
Reasoning: If Schenk finishes top 5, he necessarily finishes top 20. The reverse does not hold — top 20 does not guarantee top 5.
Strategy: Buy NO on antecedent + YES on consequent
Yield:
N/A
Cost:
$1.1500
Days to maturity:
N/A
Hurdle yield:
N/A
Excess yield:
N/A