KXARTISTSTREAMS

# Artist Streams Yield Curve Analysis The yield curve across the KXARTISTSTREAMS event family exhibits a dramatically flat structure, with 296 of 297 constituent markets priced at exactly 1.0% YES probability across all six-day tenors. This uniformity masks a handful of outliers that reveal genuine market conviction: KENNY26APR16-173.0M trades at 8.0%, BIEBS26APR16-247.0M at 8.0%, SCARP26APR16-200.0M at 6.0%, COLE26APR16-100.0M at 6.0%, and BUNNY26APR16-621.0M at 6.0%, while CARTI26APR16-64.0M, BIEBS26APR16-244.0M, BEY26APR16-104/107/110.0M, BEILISH26APR16-210/213.0M, and BEATLES26APR16-103/106/109.0M trade at 2.0%. The cheapest YES probabilities cluster at 1.0%, representing the vast majority of the market. Volume concentration appears in these outlier contracts—CARTI26APR16-64.0M shows $875 in 24-hour volume, as do several other elevated-probability markets—while the 1.0% contracts show minimal trading activity. The market's pricing structure suggests near-total skepticism about stream-count thresholds being exceeded within the six-day window, with the 1.0% floor likely representing technical minimum pricing rather than genuine probability assessment. The selective elevation of specific artist contracts to 2–8% indicates that traders perceive meaningful but still-low probability of certain artists (