This market will resolve positively to the next permanent Prime Minister of the United Kingdom announced or appointed following the resignition of Liz Truss, according to official reporting from the United Kingdom, or if necessary, a consensus of credible reporting. This market can be resolved as soon as a new Prime Minister is announced. If no new Prime Minister is announced by December 31, 2023 at 11:59PM ET or the announced Prime Minister is not contained in any bracket, then all brackets will resolve to "No". Any temporarily instated or acting Prime Minister will not be sufficient to resolve this market. Insight Prediction reserves the right of judgment in the event of any ambiguity or political controversy. End Date: 01/01/2024
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.