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Yes, I think so. The simplest way would probably just be to create 5 bets and just say "Who do you think will be in top 5?
If your candidate is in the top 5 you win.
You can do this 5 times with different candidates and then this should be the same setup, no?
Or a more complicated way which is more a mirror of the current setup would be create an event with an outcome for every combination of candidates as part of the top 5.
This would just be a single bet where you pick your 5 candidates.
Edit: Oh, I think I misunderstood. The bet is not about who is in the top 5 but the actual positions in the top 5. But yes, that is also possible.
Then you just create 5 bets for every position and pick your candidate.