Verbatim from the venue. The analyst must quote these, never paraphrase.
If the U.S. Department of the Treasury announces that the United States Federal Government failed to make a scheduled payment on a Treasury note, bond, or bill; or that one of the three major credit ratings agencies designate any United States debt in any form of default, before 2028, then the market resolves to Yes.
early_close_conditionIf this event occurs, the market will close the following 10am ET.
200
9¢
ask2026¢
spread1¢mid 6¢
bid1505¢
bid2002¢
bid501¢
Yes bid (no ask)SizeYes
200
yes
1mo ago
6¢
94¢
348
yes
1mo ago
6¢
94¢
420
yes
1mo ago
6¢
94¢
52
yes
1mo ago
7¢
93¢
348
yes
1mo ago
5¢
95¢
400
yes
1mo ago
5¢
95¢
420
yes
1mo ago
5¢
95¢
150
yes
1mo ago
5¢
95¢
200
yes
event_ticker
KXDEFAULT-27DEC31
exchange_index0
expected_expiration_time2028-01-01T15:00:00Z
expiration_time2028-01-07T15:00:00Z
expiration_value
last_price_dollars0.0600
latest_expiration_time2028-01-07T15:00:00Z
liquidity_dollars0.0000
market_typebinary
no_ask_dollars0.9500
no_bid_dollars0.9400
no_sub_titleDefaults
notional_value_dollars1.0000
occurrence_datetime2027-12-31T15:00:00Z
open_interest_fp202.00
open_time2026-08-19T22:00:00Z
previous_price_dollars0.0600
previous_yes_ask_dollars0.0600
previous_yes_bid_dollars0.0500
price_level_structurelinear_cent
price_ranges1
[0]3
end1.0000
start0.0000
step0.0100
result
rules_primaryIf the U.S. Department of the Treasury announces that the United States Federal Government failed to make a scheduled payment on a Treasury note, bond, or bill; or that one of the three major credit ratings agencies designate any United States debt in any form of default, before 2028, then the market resolves to Yes.
rules_secondary
settlement_timer_seconds3600
statusactive
subtitleDefaults
tickerKXDEFAULT-27DEC31
titleWill the US default on its debt by Dec 31, 2027?