Will the Republican Party Win the Senate 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 the Republican party has the support of over half the voting members of the U.S. Senate. Senator party affiliation is defined as whichever party they caucus with. If each party controls exactly half the senate (50/50) the Vice President will be understood as a voting member and whichever party they belong to will be understood as the party which controls congress.
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.
This market will resolve based off the composition of the Senate at the 12:00 EST on the end date of 01/31/2023