The market is pricing Cooper Flagg at 69¢ on Kalshi versus 71¢ on Polymarket, creating a 2-cent arbitrage opportunity favoring the No side on Kalshi. The extremely asymmetric implied yields (47.8% for Yes versus 215.9% for No) combined with 445% realized volatility and a 5.92 vol ratio suggest significant uncertainty despite the high baseline probability, with the market experiencing 3.1 information arrivals per hour. With 359 days to expiry and $1.7M open interest, liquidity is adequate, though the recent 3-cent price decline from 72¢ warrants monitoring for potential momentum shifts in this high-volatility regime.