| Outcome | Probability | Yes Bid | Yes Ask | 24h Change | Volume | |
|---|---|---|---|---|---|---|
| 1+ teams | 0% | 0¢ | 0¢ | — | $0 | Trade → |
| 2+ teams | 0% | 0¢ | 0¢ | — | $0 | Trade → |
| 3+ teams | 0% | 0¢ | 0¢ | — | $0 | Trade → |
| 4 teams | 0% | 0¢ | 0¢ | — | $0 | Resolved |
This market asks how many top-seeded entrants (#1 seeds) will still be alive when the tournament field is reduced to eight competitors (the Round of 8). It matters because outcomes summarize whether the highest-ranked entrants met expectations or whether the event produced upsets that reshaped the late rounds.
Many single-elimination tournaments seed competitors so the highest-ranked entrants are expected to advance; nevertheless, upsets, injuries, and stylistic matchups make quarterfinal composition uncertain. Historical frequency of #1 seeds reaching late rounds varies by sport and year, and this market captures real-time collective expectations about those dynamics.
Market prices/odds reflect the aggregated beliefs of traders about which outcome will occur and move as game results and new information arrive. Use prices as a real-time signal about market consensus, but complement them with sport-specific analysis and official tournament information.
For this market, a #1 seed is considered to have reached the Round of 8 if it is officially still in the tournament when the field is reduced to eight competitors; consult the market description for any tournament-specific settlement language.
This market tracks the specific tournament named on the market page; check the Kalshi market title and detail fields to confirm the exact competition and edition covered by the event.
The four listed outcomes partition the possible results for how many #1 seeds reach the Round of 8 (as defined on the market page); view the market outcome labels on Kalshi for the precise mapping used in this market.
Early upsets that eliminate #1 seeds typically reprice the market quickly because they change which outcome is still possible; subsequent matches and new information will continue to influence prices up to settlement.
Settlement treatment for withdrawals or disqualifications can vary; typically a competitor who is removed before reaching the Round of 8 is not counted as having reached it, but you should consult the market-specific rules and the Kalshi rulebook for authoritative settlement procedures.