Verbatim from the venue. The analyst must quote these, never paraphrase.
If Fannie Mae confirms an IPO before Apr 1, 2027, then the market resolves to Yes.
An IPO is confirmed if 1) the SEC declares the company's Form S-1 effective OR 2) the IPO is priced OR 3) a securities exchange has assigned a ticker to it. As long as any of those events occur, the market will immediately resolve to Yes, even if the company does not start trading until after Apr 1, 2027.
opens
Aug 14, 2025 · 2:00 PM UTC
closes
Apr 1, 2027 · 3:59 AM UTC · may close early
expires
Jan 1, 2028 · 3:00 PM UTC
Recent trades
Most recent first. Price is the YES side.
Time
Yes
No
Size
Taker
2d ago
16¢
84¢
46
yes
18d ago
9¢
Raw payload
Exactly what the API returned for this market.
Show JSON
market42
can_close_earlytrue
close_time2027-04-01T03:59:00Z
created_time2025-08-13T18:36:35.709595Z
custom_strike1
2,235
99¢
ask4698¢
ask3,83897¢
ask20016¢
spread10¢mid 11¢
bid2006¢
Yes bid (no ask)SizeYes
91¢
145
no
1mo ago
10¢
90¢
1.1
no
2mo ago
15¢
85¢
5
no
Company
Fannie Mae
early_close_conditionThis market will close and expire early if the event occurs.
event_tickerKXIPOFANNIE
exchange_index0
expected_expiration_time2028-01-01T15:00:00Z
expiration_time2027-04-08T14:00:00Z
expiration_value
last_price_dollars0.1600
latest_expiration_time2027-04-08T14:00:00Z
liquidity_dollars0.0000
market_typebinary
no_ask_dollars0.9400
no_bid_dollars0.8400
no_sub_titleBefore Apr 1, 2027
notional_value_dollars1.0000
occurrence_datetime2026-08-01T16:00:00Z
open_interest_fp1699.46
open_time2025-08-14T14:00:00Z
previous_price_dollars0.1600
previous_yes_ask_dollars0.9900
previous_yes_bid_dollars0.0000
price_level_structurelinear_cent
price_ranges1
[0]3
end1.0000
start0.0000
step0.0100
result
rules_primaryIf Fannie Mae confirms an IPO before Apr 1, 2027, then the market resolves to Yes.
rules_secondaryAn IPO is confirmed if 1) the SEC declares the company's Form S-1 effective OR 2) the IPO is priced OR 3) a securities exchange has assigned a ticker to it. As long as any of those events occur, the market will immediately resolve to Yes, even if the company does not start trading until after Apr 1, 2027.
settlement_timer_seconds1800
statusactive
strike_typecustom
tickerKXIPOFANNIE-27APR01
titleWhen will Fannie Mae officially announce an IPO?