Will Joe Biden Be the Democratic Nominee on October 1st, 2024?

Contract

Best Yes Price

94¢

Options

Best Price Implies

Implied Probability: 94%
European Decimal Odds: 1.064
American Odds: -1566.7
Buy
Ask Price Ask Size
Sell
Bid Price Bid Size

Market Information

Market Open Date Market Close Date Currency Taker Fee
2024-06-06 2024-10-02 USD 0.075%

Rules

This market will resolve to yes if Joseph Biden is still the Democratic Nominee for President as of 11:59PM ET on October 31st, 2024. If another candidate is nominated, or Joseph Biden announces that he will step down from the Presidential campaign, then this market will resolve no. This market can resolve no on a credible announcement by Joe Biden that he will no longer be running for reelection even if he later decides to run.

There are "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.