If J.J. Spaun is the leader at the end of Round 1 in the 2026 PGA Championship, then the market resolves to Yes. If multiple participants are tied for the lead at the end of the round, “Yes” positions will pay $1/N (rounded down to the nearest cent), where N is the number of tied participants, and “No” positions will pay 1 minus the "Yes" payout. Kalshi is not affiliated, associated, authorized, endorsed by, or in any way officially connected with the PGA. All trademarks, logos, and brand names are the property of their respective owners. This market will close and expire after a winner is declared.