Verbatim from the venue. The analyst must quote these, never paraphrase.
If Sony Pictures announces an agreement to acquire Letterboxd before Jan 1, 2028, then the market resolves to Yes.
The announcement must involve a definitive, binding agreement accompanied by public announcement. Letters of intent, memoranda of understanding, or agreements in principle do not qualify. The deal does not need to close as long as an agreement has been announced. Regulatory blocking or later cancellation does not affect resolution. Cross-border transactions qualify if a definitive agreement is announced. Internal reorganizations, joint ventures, or minority investments do not qualify unless they involve controlling ownership transfer. The acquisition can be structured as asset purchases, stock purchases, tender offers, SPAC combinations, or takeover agreements. Transactions involving subsidiaries qualify, but those limited solely to assets or divisions must represent the majority of operations or equity control.
early_close_conditionThis market will close and expire early if the acquisition is announced.
event_tickerKXACQLETTERBOXD-28JAN01
exchange_index0
expected_expiration_time2028-01-01T15:00:00Z
expiration_time2028-01-08T15:00:00Z
expiration_value
last_price_dollars0.2900
latest_expiration_time2028-01-08T15:00:00Z
liquidity_dollars0.0000
market_typebinary
no_ask_dollars0.7900
no_bid_dollars0.7100
no_sub_titleSony Pictures
notional_value_dollars1.0000
occurrence_datetime2028-01-01T15:00:00Z
open_interest_fp4.00
open_time2026-07-10T15:15:00Z
previous_price_dollars0.2900
previous_yes_ask_dollars0.9900
previous_yes_bid_dollars0.0100
price_level_structurelinear_cent
price_ranges1
[0]3
end1.0000
start0.0000
step0.0100
result
rules_primaryIf Sony Pictures announces an agreement to acquire Letterboxd before Jan 1, 2028, then the market resolves to Yes.
rules_secondaryThe announcement must involve a definitive, binding agreement accompanied by public announcement. Letters of intent, memoranda of understanding, or agreements in principle do not qualify. The deal does not need to close as long as an agreement has been announced. Regulatory blocking or later cancellation does not affect resolution. Cross-border transactions qualify if a definitive agreement is announced. Internal reorganizations, joint ventures, or minority investments do not qualify unless they involve controlling ownership transfer. The acquisition can be structured as asset purchases, stock purchases, tender offers, SPAC combinations, or takeover agreements. Transactions involving subsidiaries qualify, but those limited solely to assets or divisions must represent the majority of operations or equity control.
settlement_timer_seconds1800
statusactive
strike_typecustom
tickerKXACQLETTERBOXD-28JAN01-SONYLETT
titleWill Sony Pictures announce acquisition of Letterboxd before Jan 1, 2028?