Will Biden and Trump Both Be Nominated?
Market Information
| Market Open Date | Market Close Date | Currency | Profit Fee |
|---|---|---|---|
| 2023-07-25 | 2024-08-23 | USD | 0% |
Rules
This is a market on whether Trump and Biden will both win their party's nominations. This market will resolve to "Yes" if Joseph Biden wins the Democratic nomination for president of the United States and Donald Trump wins the Republican nomination for president of the United States in the 2024 US presidential election. Otherwise, this market will resolve to "No".
The primary resolution source for this market will be information from the Democratic and Republican national conventions, however a consensus of credible reporting will also be used. Any replacement of the nominee before election day will not change the resolution of the market.
There are "maker subsidies" and "taker fees" on this market. The taker fees apply when you match an existing order on the order book, whereas the maker subsidy happens when you place an unmatched order that can be matched later. The maker subsidies are .025 times the price, times the potential profit (e.g., Maker Subsidy per share = .025*Price/100*(1-Price/100)). The taker fees are .09 times the price, times the potential profit (e.g., Taker Fee per share = .09*Price/100*(1-Price/100)). Thus, the maker subsidy to buy 100 shares at 20 cents would be: 100*.025*(20/100)*(80/100) = $0.40, and the taker fee would be $1.44. The full fee schedule is here.