Verbatim from the venue. The analyst must quote these, never paraphrase.
If an act permanently lowering the state sales and use tax on food (SNAP-eligible groceries) below 2% is enacted in Alabama before Jul 1, 2027, then the market resolves to Yes.
Enactment requires completion of all constitutional and legal requirements for the legislation to become binding law.
Standard legislation requiring executive approval: final passage by all required legislative bodies, executive signature OR becoming law despite executive inaction OR successful veto override, and satisfaction of any required waiting periods
Legislation not requiring executive approval: final passage and completion of required waiting periods
Constitutional amendments: passage with required supermajorities and completion of ratification processes
Executive orders: official signature, publication in official government records, and legal effectiveness
The following do NOT constitute enactment:
Legislative passage without completed executive action
Passage by only some required bodies
Provisional passage
Non-binding resolutions
Draft orders
Enactment occurs when all requirements are completed, regardless of pending judicial challenges.
early_close_conditionThis market will close and expire early if the law is enacted
ask5041¢
ask30040¢
ask5039¢
ask3,02638¢
spread1¢mid 38¢
bid4,16537¢
bid2012¢
bid55011¢
bid517¢
bid3,2416¢
bid5,2003¢
bid7,1502¢
bid8,4251¢
Yes bid (no ask)SizeYes
Time
Yes
No
Size
Taker
1d ago
36¢
64¢
1.62
yes
3d ago
36¢
64¢
88
yes
3d ago
36¢
64¢
160
yes
3d ago
36¢
64¢
89
yes
3d ago
36¢
64¢
200
yes
3d ago
36¢
64¢
50
yes
3d ago
35¢
65¢
0.63
no
4d ago
35¢
65¢
2.13
no
8d ago
36¢
64¢
3
yes
8d ago
35¢
65¢
3
no
9d ago
36¢
64¢
19
yes
9d ago
36¢
64¢
0.01
yes
9d ago
37¢
63¢
2
no
9d ago
37¢
63¢
14
no
9d ago
37¢
63¢
1
no
9d ago
36¢
64¢
183
no
9d ago
36¢
64¢
500
no
9d ago
38¢
62¢
174
yes
9d ago
38¢
62¢
0.01
yes
9d ago
38¢
62¢
26
yes
9d ago
38¢
62¢
0.63
yes
9d ago
38¢
62¢
25
yes
9d ago
38¢
62¢
400
no
9d ago
40¢
60¢
100
no
9d ago
40¢
60¢
25
no
event_ticker
KXLOCALLAW-ALSNAP-27JUL01
exchange_index0
expected_expiration_time2027-07-08T14:00:00Z
expiration_time2027-07-08T14:00:00Z
expiration_value
last_price_dollars0.3600
latest_expiration_time2027-07-08T14:00:00Z
liquidity_dollars0.0000
market_typebinary
no_ask_dollars0.6300
no_bid_dollars0.6200
no_sub_titleYes
notional_value_dollars1.0000
occurrence_datetime2027-07-01T14:00:00Z
open_interest_fp4338.78
open_time2026-08-17T19:00:00Z
previous_price_dollars0.3600
previous_yes_ask_dollars0.4300
previous_yes_bid_dollars0.3700
price_level_structurelinear_cent
price_ranges1
[0]3
end1.0000
start0.0000
step0.0100
result
rules_primaryIf an act permanently lowering the state sales and use tax on food (SNAP-eligible groceries) below 2% is enacted in Alabama before Jul 1, 2027, then the market resolves to Yes.
rules_secondaryEnactment requires completion of all constitutional and legal requirements for the legislation to become binding law.
Standard legislation requiring executive approval: final passage by all required legislative bodies, executive signature OR becoming law despite executive inaction OR successful veto override, and satisfaction of any required waiting periods
Legislation not requiring executive approval: final passage and completion of required waiting periods
Constitutional amendments: passage with required supermajorities and completion of ratification processes
Executive orders: official signature, publication in official government records, and legal effectiveness
The following do NOT constitute enactment:
Legislative passage without completed executive action
Passage by only some required bodies
Provisional passage
Non-binding resolutions
Draft orders
Enactment occurs when all requirements are completed, regardless of pending judicial challenges.
settlement_timer_seconds1800
statusactive
subtitle:: Alabama
tickerKXLOCALLAW-ALSNAP-27JUL01
titleWill Alabama cut its state grocery tax again?