Verbatim from the venue. The analyst must quote these, never paraphrase.
If legislation imposing permitting, reporting, or conservation requirements on large data centers' water use is enacted in Tennessee before Aug 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
ask9072¢
ask50771¢
ask1,75370¢
ask3,86135¢
spread1¢mid 35¢
bid4,92634¢
bid50028¢
bid4411¢
bid2,03010¢
bid2009¢
bid144¢
bid5,3003¢
bid9,0602¢
Yes bid (no ask)SizeYes
Time
Yes
No
Size
Taker
6h ago
35¢
65¢
1.36
yes
6h ago
35¢
65¢
5.46
yes
2d ago
34¢
66¢
1.47
no
7d ago
34¢
66¢
1.37
no
8d ago
34¢
66¢
97
no
8d ago
34¢
66¢
100
no
8d ago
34¢
66¢
98
no
8d ago
34¢
66¢
200
no
8d ago
34¢
66¢
2.95
no
8d ago
35¢
65¢
0.18
yes
9d ago
35¢
65¢
25
yes
9d ago
35¢
65¢
175
yes
15d ago
30¢
70¢
2.89
no
17d ago
33¢
67¢
1.39
yes
17d ago
33¢
67¢
2.89
yes
17d ago
30¢
70¢
1.39
no
19d ago
30¢
70¢
2
no
23d ago
32¢
68¢
3
yes
25d ago
22¢
78¢
157
yes
25d ago
22¢
78¢
25
yes
25d ago
22¢
78¢
100
yes
25d ago
22¢
78¢
5
yes
25d ago
22¢
78¢
100
yes
25d ago
22¢
78¢
252
yes
25d ago
22¢
78¢
100
yes
event_ticker
KXLOCALLAW-TNAIWATER-27AUG01
exchange_index0
expected_expiration_time2027-08-08T14:00:00Z
expiration_time2027-08-08T14:00:00Z
expiration_value
last_price_dollars0.3500
latest_expiration_time2027-08-08T14:00:00Z
liquidity_dollars0.0000
market_typebinary
no_ask_dollars0.6600
no_bid_dollars0.6500
no_sub_titleYes
notional_value_dollars1.0000
occurrence_datetime2027-08-01T14:00:00Z
open_interest_fp876.91
open_time2026-08-17T20:21:00Z
previous_price_dollars0.3400
previous_yes_ask_dollars0.3500
previous_yes_bid_dollars0.3400
price_level_structurelinear_cent
price_ranges1
[0]3
end1.0000
start0.0000
step0.0100
result
rules_primaryIf legislation imposing permitting, reporting, or conservation requirements on large data centers' water use is enacted in Tennessee before Aug 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:: Tennessee
tickerKXLOCALLAW-TNAIWATER-27AUG01
titleWill Tennessee regulate data center water use?