Will Biden Drop out before the Democratic National Convention?

Contract

Best Yes Price

23¢

Options

Best Price Implies

Implied Probability: 23%
European Decimal Odds: 4.348
American Odds: +334.8
Buy
Ask Price Ask Size
Sell
Bid Price Bid Size

Market Information

Market Open Date Start Date Market Close Date Currency Taker Fee
2024-06-28 2024-06-27 23:32 ET 2024-08-19 USD 0.075%

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This market will resolve to "Yes" if President Joe Biden officially announces his withdrawal or is confirmed to have withdrawn from the 2024 US presidential race before the start of the Democratic National Convention (DNC), currently scheduled for Aug 19, 2024. Otherwise this market will resolve to "No". In the event of any extenuating circumstances that prevent Joe Biden from continuing the race, this market will also resolve to "Yes". The start of the DNC is defined as 12:01 AM ET on the first scheduled day of the convention. 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 "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.