Will Nick Castellanos win the 2026 Edgar Martinez Outstanding Designated Hitter Award?

This market shows extreme illiquidity with zero 24-hour volume despite $1.1M open interest and an unusually wide 80¢ spread, suggesting the 40¢ price may not reflect true consensus. The 222% implied yield on the yes side is extraordinarily high for a binary sports outcome, indicating either severe mispricing or that market participants view Castellanos as a significant long-shot candidate for the 2026 DH award. With 247 days to expiration and realized volatility at 276%, this appears to be a speculative position with minimal recent price discovery rather than an actively traded market.

Resolution rules

This market will resolve to the player who wins the 2026 Edgar Martinez Outstanding Designated Hitter award for the 2026 MLB Season. In the event of a tie, this market will resolve according to the official winner as determined by MLB rules. If multiple winners are announced then this market will resolve to the player whose listed last name comes first alphabetically. If the 2026 MLB season is cancelled, postponed after December 31, 2026, 11:59 PM ET, or there is otherwise no winner declared within that timeframe, this market will resolve to “Other”. The resolution source for this market will be official information from Major League Baseball; however, a consensus of credible reporting may also be used.

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