Will Mistral have a top-ranked AI model before 2027?

Prediction markets currently give a 6% probability that Will Mistral have a top-ranked AI model before 2027?. This contract trades at 6¢ on Kalshi, closing January 1, 2027. The 8¢ price implies an extremely bearish view of Mistral's ability to achieve a top-ranked model in 2.6 years, yet the 2202% implied yield on the Yes side suggests significant mispricing relative to the contract's risk-reward profile.

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6¢
Bid/Ask 6/7¢·Spread 1¢·Vol $140·OI $1,012·Closes Jan 1, 2027·255d remaining
KXTOPAI-27-JAN01-MIST

Analysis

4d ago

The 8¢ price implies an extremely bearish view of Mistral's ability to achieve a top-ranked model in 2.6 years, yet the 2202% implied yield on the Yes side suggests significant mispricing relative to the contract's risk-reward profile. With only $0 in 24-hour volume against $1,033 open interest and a 1¢ spread, this market suffers from severe illiquidity that likely explains the distorted yield metrics and elevated 16 Cliff Risk Index. Given Mistral's recent progress (Mistral Large 2, strong funding) and the relatively long 260-day timeframe, the 8% probability appears pessimistic and may represent a liquidity-driven anomaly rather than true market consensus.

Resolution rules

If Mistral has a #1 ranked AI model before Jan 1, 2027, then the market resolves to Yes.

Indicators

IY (Yes) 2244.4%
IY (No) 9.1%
Adj IY 1122%
CRI 16
Overround 0.5%
▶ Full indicator table (5)
IndicatorValue
IY (Yes)2244.4%
IY (No)9.1%
Adj IY1122%
CRI16
Overround0.5%

Regime

Label
neutral
Score
0.5
Spread
1¢
Computed
4/21/2026, 8:12:53 PM
Indicators computed 4/21/2026, 8:08:17 PM

Trade

View on kalshisf trade KXTOPAI-27-JAN01-MIST yes 100

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