Will there be at least 1 upset in the 2nd Round of the 2026 Pro Basketball Playoffs?

This market shows extreme illiquidity with only $36 open interest and zero 24-hour volume, making the 80¢ price potentially unreliable despite the 9¢ spread. The astronomical implied yield on the No side (3031%) signals severe mispricing or a lack of market participants willing to take the contrarian position, suggesting the price may not reflect true probability. With 28 days to expiry and a neutral regime, the stagnant 7-day price action (flat at 70¢) indicates minimal new information flow, so traders should be cautious about the market's ability to discover accurate pricing before resolution.

Resolution rules

If the teams in the Pro Basketball playoffs record at least 1 series upset in the 2nd Round of the 2026 Pro Basketball Playoffs, then the market resolves to Yes.

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