Verbatim from the venue. The analyst must quote these, never paraphrase.
If Marc Sumerlin formally holds the position of President of the Federal Reserve Bank of Atlanta before Jan 1, 2030, and is the first such subject to do so after Issuance, then the market resolves to Yes.
The holder of the position at the time of Issuance is excluded. For the purposes of this Contract, only a subject who holds the position in a permanent, confirmed, elected, or otherwise non-acting and non-temporary capacity—as formally designated by the body or organization at which the position is held—is treated as formally holding the position; assumption of the role solely in an acting, interim, transitional, provisional, caretaker, pro tempore, or otherwise temporary capacity does not, by itself, satisfy the Payout Criterion.
rules_primaryIf Marc Sumerlin formally holds the position of President of the Federal Reserve Bank of Atlanta before Jan 1, 2030, and is the first such subject to do so after Issuance, then the market resolves to Yes.
rules_secondaryThe holder of the position at the time of Issuance is excluded. For the purposes of this Contract, only a subject who holds the position in a permanent, confirmed, elected, or otherwise non-acting and non-temporary capacity—as formally designated by the body or organization at which the position is held—is treated as formally holding the position; assumption of the role solely in an acting, interim, transitional, provisional, caretaker, pro tempore, or otherwise temporary capacity does not, by itself, satisfy the Payout Criterion.
settlement_timer_seconds1800
statusactive
strike_typecustom
tickerKXNEXTATLFED-30JAN01-MSUM
titleWill Marc Sumerlin be the next President of the Federal Reserve Bank of Atlanta before Jan 1, 2030?