There is no pressure valve exactly.
You need a hole drilled in the top, a rubber grommet that fits the hole, and an airlock to let CO2 out, without letting anything else in.
You are pretty much doing an open fermentation. It might be fine, but it is more susceptible to infections.
Go to a brewstore or to a website and get yourself the proper gear.
Was this a bucket you ordered as a fermentation bucket, or did you buy something like a home depot bucket?
I gotta say, you got me with "a donner and blitzed in the bucket." However, not snapping down the lid and sitting a Donner and Blitzen on top...'tis the season...will allow it to remain covered while allowing gas to escape. However, this is only short term, after the main fermentation phase settles down (4-7 days or so) you will want a sealed lid. I would find a homebrewshop and pickup a drilled stopper and an airlock, drill the lid and install.
It is a proper bucket and it looks like there might be places where I could drill and fit an air lock
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