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 2030, then the market resolves to Yes.
early_close_conditionIf this event occurs, the market will close the following 10am ET.
200
83¢
ask6082¢
ask20013¢
spread9¢mid 9¢
bid2004¢
bid492¢
bid501¢
Yes bid (no ask)SizeYes
1
yes
event_ticker
KXDEFAULT-29DEC31
exchange_index0
expected_expiration_time2030-01-01T15:00:00Z
expiration_time2030-01-07T15:00:00Z
expiration_value
last_price_dollars0.1200
latest_expiration_time2030-01-07T15:00:00Z
liquidity_dollars0.0000
market_typebinary
no_ask_dollars0.9600
no_bid_dollars0.8700
no_sub_titleDefaults
notional_value_dollars1.0000
occurrence_datetime2029-12-31T15:00:00Z
open_interest_fp1.00
open_time2026-08-19T22:00:00Z
previous_price_dollars0.1200
previous_yes_ask_dollars0.9800
previous_yes_bid_dollars0.0200
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 2030, then the market resolves to Yes.
rules_secondary
settlement_timer_seconds3600
statusactive
tickerKXDEFAULT-29DEC31
titleWill the US default on its debt by Dec 31, 2029?