Will Kamala Harris Be the 47th US President? (ETH)
Market Information
| Market Open Date | Market Close Date | Currency | Taker Fee | Maker Subsidy |
|---|---|---|---|---|
| 2022-08-04 | 2025-02-01 | Ethereum (ETH) | 0.075% | -0.025% |
Rules
Note: This market is denominated in Ethereum. This market will pay out one unit of ethereum for each Yes contract in the event that Kamala Harris becomes the 47th President by the end of January, 2025. One can buy fractional shares on this market.
There are "maker subsidies" and "taker fees" on this market. 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 .075 times the price, times the potential profit (e.g., Taker Fee per share = .075*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 ETH, and the taker fee would be 1.20 ETH. The full taker fee schedule is here.
This market resolves just after the next President takes office, but no later than January 31st, 2025.
Update: The "Bet Locks" feature has been enabled on 11/27/2022. This means that bets placed after announcement or confirmation will be returned. Funds from liquidated positions will be unable to be withdrawn or traded for 72-hours.