Will There Be a US Bank Failure in March?
Market Information
| Market Open Date | Start Date | Market Close Date | Currency | Profit Fee |
|---|---|---|---|---|
| 2024-03-02 | 2024-03-01 11:10 ET | 2024-04-01 | USD | 0% |
Rules
This market will resolve to "Yes" if any US bank fails between March 1 and March 31, 2024, 11:59 PM ET (according to FDIC's "Failed Bank List"). Otherwise, this market will resolve to "No." For this market to resolve to "Yes", the bank's closing date as listed by the FDIC must be in March 2024. If there is a potential bank failure in March and FDIC "Failed Bank List" has not been updated yet, this market may remain open to allow for the list to be updated. The primary resolution source for this market will be the Federal Deposit Insurance Corporation (FDIC), specifically the "Failed Bank List" available here: https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/ however other official statements from the FDIC and government entities will suffice.
There are "taker fees" on this market. The taker fees apply when you match an existing order on the order book. 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 taker to buy 100 shares at 20 cents would be: 100*.075*(20/100)*(80/100) = $1.20. The full fee schedule is here.