Kalshi AI — Mispricing Audit (Ballast · openai/gpt-5.6-terra @xhigh)

2026-07-15 · category AI · budget $1000

3 picks · $250 deployed of $1000 · 4 logged rejects

TickerMarketSideConviction Consensus vs marketSizePer-model
KXTOPMODEL-26JUL20-CLAUT What will be the top AI model this month? NO @ 7c HIGH 96.0% vs 7c
edge 89.0c · spread 0.0 · 1/1 agree
1072 ($75) · gpt-5.6-terra NO 96
Thesis: The current public Arena page identifies newer Claude Opus 4.8 rather than the exact 4.6-thinking string.   Rationale: The contract requires an exact named model, while the public leaderboard now displays newer successor models; that makes 4.6-thinking unlikely to regain the top spot by July 20. The decisive tail risk is that Kalshi did not specify the underlying leaderboard in the primary rule, so the semantic source is disputable.
KXTOPMODEL-26JUL31-CLAUT What will be the top AI model this month? NO @ 23c HIGH 90.0% vs 23c
edge 67.0c · spread 0.0 · 1/1 agree
325 ($75) · gpt-5.6-terra NO 90
Thesis: The public Arena listing shows newer Claude Opus 4.8 rather than exact Claude Opus 4.6 Thinking.   Rationale: A successor model is publicly listed, leaving the exact older model an unlikely top-ranked candidate at the snapshot date. The clean tail risk is an undisclosed intended leaderboard or a ranking-specific methodology that differs from Arena's public default.
KXTECHRANKLISTAICODE-26JUL20-CHAT Top Coding AI this week? NO @ 35c HIGH 70.0% vs 35c
edge 35.0c · spread 0.0 · 1/1 agree
285 ($100) · gpt-5.6-terra NO 70
Thesis: Code Arena's current #1 is specifically gpt-5.6-sol-xhigh, not a leaderboard entry named ChatGPT.   Rationale: Arena's July 13 public Code leaderboard names gpt-5.6-sol-xhigh (codex-harness) as rank 1, so mapping the generic product label ChatGPT to a resolution candidate is not clean. A product-level Kalshi convention could nonetheless map OpenAI's entry to ChatGPT, which is the material tail risk.

Logged rejects (shadow-tracked for selection-skill)

TickerMarketWhy rejected
KXTECHRANKLISTAICODE-26JUL20-CLAUTop Coding AI this week?no edge after shrinkage (-4.0c < 2.0c)
KXRTX5090WS-26AUG07-0.750Will the NVIDIA RTX 5090 compute per hour price be above $0.75 at 4 PM ET on Aug 07?no edge after shrinkage (0.0c < 2.0c)
KXGEMINI-GEMI35P-26JUL31Will Google release Gemini 3.5 Pro before Jul 31, 2026?no edge after shrinkage (-1.0c < 2.0c)
KXGEMINI-GEMI35P-26JUL24Will Google release Gemini 3.5 Pro before Jul 24, 2026?no edge after shrinkage (-1.0c < 2.0c)

Probabilities are subjective; contracts can resolve to zero. Not financial advice.