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The yield curve for KXWTA exhibits a distinctly flat structure across both observed tenor buckets, with all 35-day markets (tau=35d) and the 40-day markets (tau=40d) showing minimal differentiation in YES probabilities. The 35-day bucket dominates the dataset with 54 constituent markets, where probabilities cluster heavily at the 1.0% floor, with notable exceptions including SAB at 18.0%, SWI at 14.0%, RYB at 13.0%, and PEG at 6.0%. The 40-day bucket shows comparable probability levels, with ANI and EAL both priced at 4.0% and AND at 7.0%. The cheapest YES probabilities reside at the 1.0% floor across both tenor buckets, representing the vast majority of markets in this event family. The absence of meaningful slope between the 35-day and 40-day tenors indicates no systematic term structure—probabilities remain essentially flat across this narrow five-day window. This flat curve structure suggests the market views the event as either highly unlikely to occur within the near term or as having already largely resolved its uncertainty. The concentration of 1.0% probabilities across most markets, combined with the lack of steepening as tenor extends, indicates that market participants assign minimal probability mass to event occurrence across the entire observable horizon. The few outliers with elevated probabilities (SAB, SWI, RYB) represent specific sub-outcomes that command modest conviction, but the overwhelming prevalence of floor-priced markets signals the market's collective skepticism about the base event materializing. The flat curve offers no evidence of anticipated acceleration or deceleration in event timing.