Will Biden Be Impeached in 2023?
Market Information
| Market Open Date | Market Close Date | Currency | Taker Fee | Maker Subsidy |
|---|---|---|---|---|
| 2023-10-24 | 2024-01-01 | USD | 0.1% | -0.05% |
Rules
This market will resolve positively if President Joe Biden is impeached by the U.S. House of Representatives before 11:59PM ET on December 31st, 2023. For the purposes of this market, impeachment entails that at least one article of impeachment is passed or approved by the U.S. House. Conviction (or lack thereof) by the U.S. Senate will have no bearing on the resolution of this 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 is matched later. The maker subsidies are .05 times the price, times the potential profit (e.g., Maker Subsidy per share = .05*Price/100*(1-Price/100)). The taker fees are .1 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*.05*(20/100)*(80/100) = $0.80, and the taker fee would be $1.60. The full fee schedule is here. End Date: 01/01/24