Verbatim from the venue. The analyst must quote these, never paraphrase.
If Friedrich Merz has either officially announced their intention to leave as Chancellor of Germany or has actually left as Chancellor of Germany before Apr 1, 2027, then the market resolves to Yes.
An "official announcement" means a statement by the person themselves, their authorized representative, or the official body governing the office that the person will be departing from the office. Such announcements must be reported by at least one Source Agency to be considered official. The announcement must not specify they are leaving in more than a year from the statement, in which case the market does not resolve to Yes.
"Leaving office" means the person no longer holds the office in any capacity, including but not limited to: resignation (effective), termination, removal, impeachment and removal, recall, or the expiration of their term without renewal. Temporary absences such as medical leave, suspension with possibility of return, or delegation of duties while retaining the office do NOT constitute leaving office. Death does NOT satisfy the Payout Criterion for this Contract. Forced departures (termination, impeachment and removal, etc.) satisfy the Payout Criterion even without a prior announcement.
opens
Sep 17 · 4:00 AM UTC
closes
Apr 1, 2027 · 3:59 AM UTC · may close early
expires
Jan 8, 2029 · 3:00 PM UTC
Recent trades
Most recent first. Price is the YES side.
Time
Yes
No
Size
Taker
Raw payload
Exactly what the API returned for this market.
Show JSON
market42
can_close_earlytrue
close_time2027-04-01T03:59:00Z
created_time2026-09-17T01:52:38.679584Z
custom_strike1
ask14780¢
ask19079¢
ask30067¢
ask564¢
spread20¢mid 54¢
bid544¢
bid543¢
bid1037¢
bid5536¢
bid10028¢
bid21021¢
bid48720¢
bid13019¢
Yes bid (no ask)SizeYes
2d ago
51¢
49¢
55
yes
2d ago
33¢
67¢
61
yes
3d ago
33¢
67¢
29
yes
3d ago
33¢
67¢
10
yes
Date
2027-04-01T14:00:00.000Z
early_close_conditionThis market will close and expire early if the person announces departure or actually leaves office.
event_tickerKXLEAVEMERZ-29JAN01
exchange_index0
expected_expiration_time2029-01-08T15:00:00Z
expiration_time2027-04-08T14:00:00Z
expiration_value
last_price_dollars0.5100
latest_expiration_time2027-04-08T14:00:00Z
liquidity_dollars0.0000
market_typebinary
no_ask_dollars0.5600
no_bid_dollars0.3600
no_sub_titleBefore Apr 1, 2027
notional_value_dollars1.0000
occurrence_datetime2027-04-01T14:00:00Z
open_interest_fp154.78
open_time2026-09-17T04:00:00Z
previous_price_dollars0.5100
previous_yes_ask_dollars0.6600
previous_yes_bid_dollars0.3700
price_level_structurelinear_cent
price_ranges1
[0]3
end1.0000
start0.0000
step0.0100
result
rules_primaryIf Friedrich Merz has either officially announced their intention to leave as Chancellor of Germany or has actually left as Chancellor of Germany before Apr 1, 2027, then the market resolves to Yes.
rules_secondaryAn "official announcement" means a statement by the person themselves, their authorized representative, or the official body governing the office that the person will be departing from the office. Such announcements must be reported by at least one Source Agency to be considered official. The announcement must not specify they are leaving in more than a year from the statement, in which case the market does not resolve to Yes.
"Leaving office" means the person no longer holds the office in any capacity, including but not limited to: resignation (effective), termination, removal, impeachment and removal, recall, or the expiration of their term without renewal. Temporary absences such as medical leave, suspension with possibility of return, or delegation of duties while retaining the office do NOT constitute leaving office. Death does NOT satisfy the Payout Criterion for this Contract. Forced departures (termination, impeachment and removal, etc.) satisfy the Payout Criterion even without a prior announcement.
settlement_timer_seconds1800
statusactive
strike_typecustom
tickerKXLEAVEMERZ-29JAN01-27APR01
titleWill Friedrich Merz leave Chancellor of Germany before Apr 1, 2027?