Which 2022 Senate Race Will Be the Closest?

Market Resolved: Nevada

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Market Information

Market Open Date Market Close Date Currency Taker Fee Maker Subsidy
2022-11-03 2023-03-01 USD 0.075% -0.025%

Rules

This market will resolve positively to the bracket containing the 2022 US Senate race that has the smallest margin of victory (percentage difference) between the first and second place candidates. For races utilizing RCV, the published popular vote counts for the final round will be used. If any election results in a runoff or secondary election, then the results of the runoff will be what is considered for this market. End Date: 03/01/2023

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. The "Bet Locks" feature is enabled for this market, so bets placed after announcement or confirmation will be returned. Funds from liquidated positions will be unable to be withdrawn or traded for 72-hours. See FAQ for further information.