Verbatim from the venue. The analyst must quote these, never paraphrase.
If Zohran Mamdani leaves as Mayor of New York City before Jan 1, 2028, then the market resolves to Yes.
This market resolves based on when the departure is publicly announced or officially communicated, regardless of the effective date.
An acknowledgment that they will leave office due solely to the scheduled expiration of a constitutionally or legally mandated term limit does not satisfy the Payout Criterion.
If the person leaves the role due to death (i.e., if the person dies while holding the role), all contracts on the person may resolve to the last fair price as determined in the sole discretion of the Exchange. Temporary leaves of absence, suspensions, or recusals do not constitute leaving, resigning from, or retiring from the role unless the individual formally and permanently ceases to hold the position. If the person vacates the role and then re-occupies the role, the contract may settle on the initial vacation of the role.
For "leave," cessation of holding the role qualifies, including resignation, retirement, removal, expulsion, expiration of term without renewal, recall, or other means by which the individual no longer occupies the role—this includes both voluntary and involuntary early departure AND the natural expiration of a term.
early_close_conditionThis market will close and expire early if the specific individual leaves the role as defined in the payout criteria.
event_tickerKXMAMDANIOUT-26AUG
exchange_index0
expected_expiration_time2030-01-08T15:00:00Z
expiration_time2028-01-08T15:00:00Z
expiration_value
last_price_dollars0.0800
latest_expiration_time2028-01-08T15:00:00Z
liquidity_dollars0.0000
market_typebinary
no_ask_dollars0.9700
no_bid_dollars0.9200
no_sub_titleBefore Jan 1, 2028
notional_value_dollars1.0000
occurrence_datetime2028-01-01T04:59:00Z
open_interest_fp235.94
open_time2026-08-11T01:00:00Z
previous_price_dollars0.0800
previous_yes_ask_dollars0.0700
previous_yes_bid_dollars0.0300
price_level_structurelinear_cent
price_ranges1
[0]3
end1.0000
start0.0000
step0.0100
result
rules_primaryIf Zohran Mamdani leaves as Mayor of New York City before Jan 1, 2028, then the market resolves to Yes.
rules_secondaryThis market resolves based on when the departure is publicly announced or officially communicated, regardless of the effective date.
An acknowledgment that they will leave office due solely to the scheduled expiration of a constitutionally or legally mandated term limit does not satisfy the Payout Criterion.
If the person leaves the role due to death (i.e., if the person dies while holding the role), all contracts on the person may resolve to the last fair price as determined in the sole discretion of the Exchange. Temporary leaves of absence, suspensions, or recusals do not constitute leaving, resigning from, or retiring from the role unless the individual formally and permanently ceases to hold the position. If the person vacates the role and then re-occupies the role, the contract may settle on the initial vacation of the role.
For "leave," cessation of holding the role qualifies, including resignation, retirement, removal, expulsion, expiration of term without renewal, recall, or other means by which the individual no longer occupies the role—this includes both voluntary and involuntary early departure AND the natural expiration of a term.
settlement_timer_seconds1800
statusactive
strike_typecustom
subtitle::
tickerKXMAMDANIOUT-26AUG-28JAN01
titleWill Zohran Mamdani announce their departure as Mayor of New York City before Jan 1, 2028?