Will Biden Drop Out of the Presidential Race?
Market Information
| Market Open Date | Start Date | Market Close Date | Currency | Profit Fee |
|---|---|---|---|---|
| 2024-02-11 | 2024-02-01 05:26 ET | 2024-11-05 | USD | 0% |
Rules
This market will resolve to "Yes" if President Joe Biden officially announces his withdrawal or is confirmed to have withdrawn from the 2024 US presidential race. In the event of any extenuating circumstances that prevent Joe Biden from continuing the race, this market will also resolve to "Yes". If Joe Biden does not drop out or is not forced to withdraw from the 2024 Presidential Election by 12:01 AM ET on November 5th, 2024, this market will resolve to "No". The primary resolution source for this market will be official information from Joe Biden or his official/legal representatives, however, a consensus of credible reporting will also be used.
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 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 taker fee to buy 100 shares at 20 cents would be: 100*.075*(20/100)*(80/100) = $1.20. The maker subsidy for the same trade would be $0.40.