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The yield curve displays a pronounced steepening pattern, with the shortest-tenor markets (15 days) showing substantially lower YES probabilities than intermediate tenors (16 days), which then moderate slightly at longer horizons (46 days). The 15-day bucket exhibits the cheapest YES probabilities overall, with several markets pricing below 50%—notably CRYP at 1.0%, NQE at 5.0%, GULF at 12.0%, DATA and SOLE both at 14.0%, and WORL at 18.0%. Even the higher-probability 15-day markets cluster in the 55-72% range. By contrast, the 16-day tenor shows a marked upward shift, with many markets jumping to 83-90% (FAKE, HOTT, INVE, MAGA, OIL, STOC), suggesting a discrete probability increase over just one additional day. The 46-day markets then settle into a more moderate 40-76% range, indicating some probability decay or mean reversion at longer horizons. This steep upward slope from 15 to 16 days, followed by a gentle decline through 46 days, suggests the market is pricing a concentrated event window in the immediate near-term—specifically around the 16-day mark. The dramatic probability compression between tau=15d and tau=16d indicates traders expect either a catalyst or resolution trigger within that narrow window, with heightened conviction that the event will occur before then. The subsequent flattening and slight decline at 46 days implies that if the event does not materialize in the 15-16 day window, market participants assign materially lower odds to its occurrence at longer horizons, reflecting either event-specific timing constraints or a belief that