KALSHI · CFTC-CLEARED BINARY CONTRACT · SPORTS

Will Brazil finish first in World Cup Group C?

YES · live

67.0¢

NO · live

32.5¢

▸ Advanced metrics · M2M bundle

kalshi · kxwcgroupwin-26c-bra · fresh · feed 31s old

24h sparkline · 60 pts▼ —

realized vol (ann.)

153.21%

max drawdown

1.47%

sharpe

—

ulcer index

0.85%

RMS drawdown

pain index

0.50%

mean drawdown

mod. VaR 95%

0.36%

Cornish-Fisher

martin ratio

—

ret / ulcer

CDaR 95%

1.47%

cond. drawdown

gain/pain

1.00

Σgain / Σ|loss|

sterling

—

ret / CDaR

omega (θ=0)

1.00

upside/downside

roll spread

0.0 bps

implied (price-only)

bars used

store

spread

148.1 bps

24h Δ

—

flow lean

—

carry

flat

signalNEUTRALconfidence 20%

Same bundle via M2M API: /api/m2m/kalshi-kxwcgroupwin-26c-bra/bundle · venue execution: kalshi →

LIVEPOLL0SRCWARMING31.0s⏱--:--:-- UTCNEXT8.0sUP0s--:--HIST0/30

▶ STREAMING·HYPERLIQUID·POLYMARKET·0 POLLS·SRC WARMING·UPTIME 0s·NEXT POLL 8.0s·CC0 OPEN DATA·HYPO.MARKETS·▶ STREAMING·HYPERLIQUID·POLYMARKET·0 POLLS·SRC WARMING·UPTIME 0s·NEXT POLL 8.0s·CC0 OPEN DATA·HYPO.MARKETS·

YES · live

67.0¢

NO · live

32.5¢

YES price · live 24h (Kalshi candlesticks)

no history

YES / NO split · live

Σ 99.50% · fair

Σ-sides total = 99.50% (tight rounding)

H(p) entropy = 0.911 / 1.00 bits (91%) · high uncertainty

YES

67.3%67.0¢1.49×▬ +0.00pp

32.7%32.5¢3.08×▬ +0.00pp

Σ 99.50% · arb gap 0.50pp

Live numerics · pulse on poll

LIVE NUMERICS9 metrics·POLL 0

⏱snapshot age

31.0s

·ticker

KXWCGROUPWIN-26C-BRA

▲YES bid

67.00¢

▲YES ask

68.00¢

ΣΣ sides

99.50%

⚖arb gap

0.500pp

$24h vol $

$37.1k

◐open interest $

$323.2k

◳history points

0 bars (live)

§1 · Quote

Ticker: KXWCGROUPWIN-26C-BRA
Event ticker: KXWCGROUPWIN-26C
YES bid / ask: 67.00¢ / 68.00¢ (spread 1.00pp)
NO bid / ask: 32.00¢ / 33.00¢
Last YES: 67.00¢
Σ-sides: 99.50% (arb gap 0.50pp)

§2 · Activity

Volume 24h: $37.06k
Volume total: $293.50k
Open interest: $323.17k
Liquidity: $0.00
Close time: 2026-07-11T14:00:00Z · 21.2d from now
Status: active

§3 · Resolution rules

If Brazil finish first in Group C in the 2026 FIFA World Cup, then the market resolves to Yes.

▸ Depth section using sovereign-store price series (162 bars · effective 324430 bars/year) — annualisation reflects native polling cadence, not upstream timeframes.

§4 · Honest position analytics

A binary-market analytics module framed in horizon time (days to resolution, not annualised). Estimators that need a model probability q as a first-class input (Kelly, KL divergence, Bayesian posterior, Mark-to-Market MC) only render when q is provided externally. Sweep an exploratory q at the interactive simulator →

§5 · Horizon returns

Returns · per bar / per day / per horizon

Horizon 21.2 d · σ/bar 1.930pp · expected |Δp| over horizon 43.53ppterminal variance p(1−p) = 0.2211 · n = 162✓ n = 162

μ per bar

-0.025pp

average Δp · drift

σ per bar

1.930pp

one-bar volatility · logit-free

Per-day movedaily

9.45pp

σ × √24

Per-horizon move21d

43.53pp

σ × √508.7803238888889

Terminal variancebinary

0.2211

p(1−p) at resolution

Current pricep

67.0¢

latest snapshot

Note: annualised Sharpe/Sortino are omitted — they are not meaningful for a bounded fixed-horizon binary contract that snaps to {0, 1} at resolution.

Annualised metrics are intentionally omitted — they don't apply to bounded probability series that resolve at a fixed date.

§6 · Tail risk

VaR · ES · max drawdown

VaR₉₅ 3.20pp · ES₉₅ 4.00pp · method parametric · drift-correcteddrift -0.025pp/bar · quantised: yes · median step 1.00pp · unique ratio 0.08⚠ low confidence · n < 200

VaR 95%

3.20pp

1.645·σ (parametric) of Δp

ES 95%

4.00pp

mean of the tail

Max drawdown

25.4pp

peak 71.0¢ → trough 53.0¢

Median step

1.00pp

price bucket granularity

Price series is bucketed (cent grid). Empirical quantiles collapse to grid points — parametric N(0, σ²) used instead.

Empirical quantiles unless the price series is bucketed (PM cent grid), in which case parametric N(0, σ²) is used to avoid grid collapse.

§7 · Odds conversion

Odds conversion · every dialect a bettor thinks in

Implied probabilityP

67.0%

= price

Decimal oddsEU

1.493

total return per $1

AmericanUS

-203

risk $203 to win $100

FractionalUK

0.49 / 1

profit per $1 risked

Profit per $100stake

+$49.25

clean dollar framing

underdog (+)favorite (-)your price

Price → implied probability → decimal odds → American moneyline → fractional. Five views of the same number, plus the moneyline curve.

§8 · Binary entropy

Binary entropy · uncertainty as bits of information

Market entropyH(p)

0.915 bit

max 1.0 at p = 0.5

Your entropyH(q)

0.915 bit

Δ +0.000 bit vs market

Surprise · YES−log₂ p

0.58 bit

self-information

Surprise · NO−log₂(1−p)

1.60 bit

self-information

Market entropy only — model entropy requires an external q.

§9 · Model-dependent surfaces

§ Edge / Kelly / KL · no model probability provided

External model required

The position-economics, Kelly, KL-divergence, Bayesian and Monte-Carlo surfaces require a model probability q as input — a number independent of the market price p.

The previous build defaulted q to a tape-momentum heuristic derived from p; that produces apparent edge that is structurally guaranteed to be small and is not a useful skill signal. The auto-derived path has been removed.

To explore these surfaces with a hypothetical q, open the interactive simulator and drag the MODEL P(YES) slider. To wire a real model, POST to the NOSTRADAMUS hook (TBD) or pass ?q=… on the simulator URL.

§∞ · Provenance & attestation

Upstream: api.elections.kalshi.com
Snapshot fetched: 2026-06-20 09:12:39 UTC
Snapshot age: 31.0s
SHA-256 attestation: f9d9e90781f2ee30f07073bc50a0d61cd84d3e07406f33b2bf58a680b3e83a56 · deterministic hash of the source snapshot — proves this page was rendered from this exact data
Open data licence: CC0 / public domain · free to mirror, syndicate, analyse

Risk metrics

▸ sovereign store · 162 barsperiods/year ≈ 324.4K

Realized vol (annualised)

1804.46%

σ per bar = 0.031680

Mean return (annualised)

-11684.96%

μ per bar = -0.000360

Sharpe (rf=0)

-6.48

annualised; risk-free assumed zero

Max drawdown

25.35%

peak 0.71 → trough 0.53 over 25 bars

/api/asset/kalshi-kxwcgroupwin-26c-bra/risk · same metrics, JSON