Verbatim from the venue. The analyst must quote these, never paraphrase.
If legislation that increases the annual franchise tax owed by stock corporations under 8 Del. C. ch. 5 is enacted in Delaware before Sep 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
Order book
Top of book, both sides expressed as YES prices.
Yes ask (no bid)SizeYes
ask4873¢
ask65872¢
ask2,56771¢
ask1,40262¢
ask2,23228¢
ask20027¢
ask40026¢
ask2,97225¢
spread1¢mid 25¢
bid3,97424¢
bid20019¢
bid476¢
bid4865¢
bid2,2894¢
bid6,2003¢
bid7,0002¢
bid7,7651¢
Yes bid (no ask)SizeYes
Time
Yes
No
Size
Taker
1d ago
27¢
73¢
200
yes
8d ago
26¢
74¢
3.97
no
9d ago
27¢
73¢
2
yes
9d ago
27¢
73¢
198
yes
9d ago
25¢
75¢
13
no
9d ago
26¢
74¢
300
yes
9d ago
26¢
74¢
0.01
yes
9d ago
26¢
74¢
100
yes
13d ago
25¢
75¢
200
yes
14d ago
24¢
76¢
3
yes
14d ago
24¢
76¢
25
yes
14d ago
24¢
76¢
50
yes
14d ago
24¢
76¢
3
yes
14d ago
24¢
76¢
200
yes
14d ago
24¢
76¢
100
yes
14d ago
24¢
76¢
600
yes
14d ago
24¢
76¢
200
yes
14d ago
24¢
76¢
25
yes
14d ago
24¢
76¢
200
yes
14d ago
24¢
76¢
25
yes
15d ago
22¢
78¢
401
yes
15d ago
22¢
78¢
200
yes
15d ago
22¢
78¢
200
yes
15d ago
22¢
78¢
200
yes
event_ticker
KXLOCALLAW-DELCCH5-27SEP01
exchange_index0
expected_expiration_time2027-09-08T14:00:00Z
expiration_time2027-09-08T14:00:00Z
expiration_value
last_price_dollars0.2700
latest_expiration_time2027-09-08T14:00:00Z
liquidity_dollars0.0000
market_typebinary
no_ask_dollars0.7600
no_bid_dollars0.7500
no_sub_titleYes
notional_value_dollars1.0000
occurrence_datetime2027-09-01T14:00:00Z
open_interest_fp2232.00
open_time2026-08-17T18:35:00Z
previous_price_dollars0.2700
previous_yes_ask_dollars0.2700
previous_yes_bid_dollars0.2600
price_level_structurelinear_cent
price_ranges1
[0]3
end1.0000
start0.0000
step0.0100
result
rules_primaryIf legislation that increases the annual franchise tax owed by stock corporations under 8 Del. C. ch. 5 is enacted in Delaware before Sep 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:: Delaware
tickerKXLOCALLAW-DELCCH5-27SEP01
titleWill Delaware raise its corporate franchise tax?