Will Michelle Obama Announce a Presidential Run Before August?
Market Information
| Market Open Date | Start Date | Market Close Date | Currency | Profit Fee |
|---|---|---|---|---|
| 2024-02-08 | 2024-02-01 15:00 ET | 2024-07-31 | USD | 0% |
Rules
This market will resolve to "Yes" if Michelle Obama, former First Lady of the United States, announces that she is running for president of the United States of America in 2024 by July 31, 2024, 11:59 PM ET. Otherwise, this market will resolve to "No". For the purpose of resolving this market, an announcement by Michelle Obama will be sufficient to trigger a "Yes" resolution, regardless of whether she actually filed to run for president of the United States, or whether she actually files to run for president in the future. The primary resolution source for this market will be official statements by Michelle Obama (ex: via speech, social media, etc.) or her legal representation, however a consensus of credible reporting may also be used.
There are "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 taker fees are .075 times the price, times the potential profit (e.g., Taker Fee per share = .1*Price/100*(1-Price/100)). Thus, the maker subsidy to buy 100 shares at 20 cents would be: 100*.075*(20/100)*(80/100) = $1.20.