Will Democrats Win the California Senate Election?
Market Information
| Market Open Date | Market Close Date | Currency | Taker Fee | Maker Subsidy |
|---|---|---|---|---|
| 2024-04-15 | 2024-12-31 | USD | 0.075% | -0.025% |
Rules
This market will resolve positively if the candidate who wins the 2024 US Senate election for California is a Democrat. For the purposes of this market, this includes any candidate who is registered as a Democrat, ballot-listed as a Democrat, or otherwise intends to caucus with or identifies with the Democratic Party. This market will resolve according to a consensus of credible reporting.
Note: For the purposes of this market, a minimum of 3 race calls from Associated Press / New York Times, NBC/CNN, FOX News, and Decision Desk HQ will suffice to establish a consensus of credible reporting. The election is currently scheduled for November 5, 2024.
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 .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, and the taker fee would be $1.20. The full fee schedule is here.