Antecedent (if this happens)
KXPGATOUR-VATO26-ASMA
Will Alex Smalley win the Valero Texas Open?
Series: KXPGATOUR
Entity: Alex Smalley
Expiration: 2026-04-05T00:00:00Z
Volume: 601003
YES ask: 0.0300
NO ask: 0.9800
Last: 0.0300
View on Kalshi
Rules
If Alex Smalley wins the Valero Texas Open, then the market resolves to Yes.
Consequent (then it means this happened or will happen)
KXPGATOP5-VATO26-ASMA
Valero Texas Open: Will Alex Smalley finish top 5?
Series: KXPGATOP5
Entity: Alex Smalley
Expiration: 2026-04-19T00:00:00Z
Volume: 375
YES ask: 0.3400
NO ask: 1.0000
Last: 0.3200
View on Kalshi
Rules
If Alex Smalley finishes in the top 5 (including ties) in the 2026 Valero Texas Open, then the market resolves to Yes.
Confidence: high
Model: claude-sonnet-4-6
Screened: 2026-04-04T08:08:04Z
Reasoning: If Alex Smalley wins the tournament, he finishes 1st, which is necessarily within the top 5. The reverse does not hold — top 5 does not require winning.
Strategy: Buy NO on antecedent + YES on consequent
Yield:
N/A
Cost:
$1.3200
Days to maturity:
N/A
Hurdle yield:
N/A
Excess yield:
N/A