Will the Republican Party Win the U.S. House of Representatives in the 2022 Midterm Elections?
Market Information
| Market Open Date | Market Close Date | Currency | Taker Fee | Maker Subsidy |
|---|---|---|---|---|
| 2022-01-05 | 2023-01-31 | USD | 0.075% | -0.025% |
Rules
This market will be resolved based on whether Republican Party candidates are elected in a majority of districts in the U.S. House of Representatives in the 2022 general election. Party membership is understood as whichever party the candidate’s ballot-listed or whichever party the candidate has publicly announced association with or intention to caucus with on the date of the election (11/08/2022). This market does not consider Delegates and resident Commissioners who are members of the House in its resolution.
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.
End Date: 01/31/2023