Verbatim from the venue. The analyst must quote these, never paraphrase.
If the U.S. Court of Appeals for the First Circuit affirms in its entirety the district court's October 20, 2025 final judgment for Harvard in President and Fellows of Harvard College v. U.S. Department of Health and Human Services, No. 25-2230 (1st Cir.) before Jan 1, 2029, then the market resolves to Yes.
A qualifying ruling must be a written order, opinion, judgment or decision of the U.S. Court of Appeals for the First Circuit disposing of the government's appeal in President and Fellows of Harvard College v. U.S. Department of Health and Human Services, No. 25-2230 (1st Cir.). The companion appeal No. 25-2231 (American Association of University Professors, et al. v. U.S. Department of Justice, et al.), arising from the related district court case No. 1:25-cv-10910 (D. Mass.) and briefed on the same schedule, counts only where the same disposition also disposes of No. 25-2230.
"In its entirety" means the court affirms the judgment and reverses, vacates, modifies or remands no part of it. These resolve to NO:
A disposition affirming in part and reversing, vacating, modifying or remanding in part, however small the part, including a partial ruling that some or all of Harvard's claims belong exclusively in the Court of Federal Claims under the Tucker Act
Reversal or vacatur of the whole judgment
Dismissal of the appeal for lack of jurisdiction or on any other ground
Dismissal of the appeal on mootness grounds, including a Munsingwear vacatur
The following do NOT satisfy the Payout Criterion:
Oral rulings from the bench unless reduced to a written order
Tentative rulings that are not made final
Draft opinions that leak but are not officially issued
Settlements or voluntary dismissals
Administrative or scheduling orders
Orders to show cause
Minute orders that do not address the substantive issue in the specified judgment
A qualifying ruling settles the market when issued; a later grant of rehearing, rehearing en banc or Supreme Court review does NOT unwind it.
early_close_conditionThis market will close and expire early if the event occurs.
ask22490¢
ask1,00080¢
ask6279¢
ask978¢
spread25¢mid 66¢
bid553¢
bid442¢
bid541¢
bid140¢
bid1031¢
bid55030¢
bid2,77129¢
bid13615¢
Yes bid (no ask)SizeYes
closes
Jan 1, 2029 · 4:59 AM UTC · may close early
expires
Jan 1, 2029 · 3:00 PM UTC
category
Politics
event
independent outcomes
Recent trades
Most recent first. Price is the YES side.
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event_ticker
KXHARVARDFUNDAPPEAL-HHS29
exchange_index0
expected_expiration_time2029-01-01T15:00:00Z
expiration_time2029-01-08T15:00:00Z
expiration_value
last_price_dollars0.8200
latest_expiration_time2029-01-08T15:00:00Z
liquidity_dollars0.0000
market_typebinary
no_ask_dollars0.4700
no_bid_dollars0.2200
no_sub_titleBefore 2029
notional_value_dollars1.0000
occurrence_datetime2027-10-01T14:00:00Z
open_interest_fp2782.01
open_time2026-08-24T14:00:00Z
previous_price_dollars0.2900
previous_yes_ask_dollars0.3400
previous_yes_bid_dollars0.3000
price_level_structurelinear_cent
price_ranges1
[0]3
end1.0000
start0.0000
step0.0100
result
rules_primaryIf the U.S. Court of Appeals for the First Circuit affirms in its entirety the district court's October 20, 2025 final judgment for Harvard in President and Fellows of Harvard College v. U.S. Department of Health and Human Services, No. 25-2230 (1st Cir.) before Jan 1, 2029, then the market resolves to Yes.
rules_secondaryA qualifying ruling must be a written order, opinion, judgment or decision of the U.S. Court of Appeals for the First Circuit disposing of the government's appeal in President and Fellows of Harvard College v. U.S. Department of Health and Human Services, No. 25-2230 (1st Cir.). The companion appeal No. 25-2231 (American Association of University Professors, et al. v. U.S. Department of Justice, et al.), arising from the related district court case No. 1:25-cv-10910 (D. Mass.) and briefed on the same schedule, counts only where the same disposition also disposes of No. 25-2230.
"In its entirety" means the court affirms the judgment and reverses, vacates, modifies or remands no part of it. These resolve to NO:
A disposition affirming in part and reversing, vacating, modifying or remanding in part, however small the part, including a partial ruling that some or all of Harvard's claims belong exclusively in the Court of Federal Claims under the Tucker Act
Reversal or vacatur of the whole judgment
Dismissal of the appeal for lack of jurisdiction or on any other ground
Dismissal of the appeal on mootness grounds, including a Munsingwear vacatur
The following do NOT satisfy the Payout Criterion:
Oral rulings from the bench unless reduced to a written order
Tentative rulings that are not made final
Draft opinions that leak but are not officially issued
Settlements or voluntary dismissals
Administrative or scheduling orders
Orders to show cause
Minute orders that do not address the substantive issue in the specified judgment
A qualifying ruling settles the market when issued; a later grant of rehearing, rehearing en banc or Supreme Court review does NOT unwind it.
settlement_timer_seconds1800
statusactive
tickerKXHARVARDFUNDAPPEAL-HHS29
titleWill the U.S. Court of Appeals for the First Circuit rule affirms in its entirety the district court's October 20, 2025 final judgment for Harvard?