Who will feature on Drake's album 'Iceman'?

Prediction markets currently give a 37% probability that Who will feature on Drake's album 'Iceman'?. This contract trades at 37¢ on Kalshi, closing January 1, 2027. This market shows extreme yield asymmetry with the Yes side offering 365.7% annualized return versus just 55.3% for No, suggesting significant underpricing of the featured artist outcome relative to baseline risk.

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37¢
Bid/Ask 37/40¢·Spread 3¢·Vol $507.8·OI $2,659.19·Closes Jan 1, 2027·255d remaining
KXFEATUREDRAKE-27-LIL
7-day price133 snapshots · 5 regime
43¢37¢ current
Apr 815¢Apr 21

Analysis

45h ago

This market shows extreme yield asymmetry with the Yes side offering 365.7% annualized return versus just 55.3% for No, suggesting significant underpricing of the featured artist outcome relative to baseline risk. The 7¢ spread on a 35¢ price is notably wide at 20% of mid-price, indicating thin liquidity despite $2,293 open interest, with only $21.85 in 24-hour volume pointing to minimal recent trading activity. The price has drifted upward 4¢ over seven days while maintaining 257 days to expiration, leaving substantial time for new information about the album's release or feature list to materialize.

Resolution rules

If Lil Wayne is featured on Drake's album 'Iceman' before Jan 1, 2027, then the market resolves to Yes.

Indicators

IY (Yes) 244.0%
IY (No) 84.2%
Adj IY 122%
CRI 2
Overround 5.7%
▶ Full indicator table (5)
IndicatorValue
IY (Yes)244.0%
IY (No)84.2%
Adj IY122%
CRI2
Overround5.7%

Regime

Label
neutral
Score
0.5
Spread
3¢
Computed
4/21/2026, 9:38:59 PM
Indicators computed 4/21/2026, 9:38:17 PM

Trade

View on kalshisf trade KXFEATUREDRAKE-27-LIL yes 100

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