Verbatim from the venue. The analyst must quote these, never paraphrase.
If Pedro Sánchez becomes Prime Minister of Spain as a result of government formation following the next Spanish general election and meets all constitutional requirements before Aug 22, 2028, then the market resolves to Yes.
The market resolves to the first person who, as a result of government formation following the election, is formally appointed, sworn in, or invested as Prime Minister according to the country's constitutional procedures, commands the confidence of the parliament/legislature, and exercises the full powers of the office (not serving in a caretaker/acting capacity from the previous government).
If no government forms by Aug 22, 2028, the Contract resolves to "No one" if that is an option and No for all other strikes. If new elections are called before government formation, the Contract resolves to "No one" immediately and No for all other strikes.
early_close_conditionThis market will close and expire early if a person is formally appointed and invested as Prime Minister.
event_tickerKXSPANISHPM-27AUG22
exchange_index0
expected_expiration_time2028-08-22T14:00:00Z
expiration_time2028-08-22T14:00:00Z
expiration_value
last_price_dollars0.1400
latest_expiration_time2028-08-22T14:00:00Z
liquidity_dollars0.0000
market_typebinary
no_ask_dollars0.8600
no_bid_dollars0.7800
no_sub_titlePedro Sánchez
notional_value_dollars1.0000
occurrence_datetime2028-08-22T14:00:00Z
open_interest_fp1055.99
open_time2026-07-09T20:30:00Z
previous_price_dollars0.1400
previous_yes_ask_dollars0.2100
previous_yes_bid_dollars0.0200
price_level_structurelinear_cent
price_ranges1
[0]3
end1.0000
start0.0000
step0.0100
result
rules_primaryIf Pedro Sánchez becomes Prime Minister of Spain as a result of government formation following the next Spanish general election and meets all constitutional requirements before Aug 22, 2028, then the market resolves to Yes.
rules_secondaryThe market resolves to the first person who, as a result of government formation following the election, is formally appointed, sworn in, or invested as Prime Minister according to the country's constitutional procedures, commands the confidence of the parliament/legislature, and exercises the full powers of the office (not serving in a caretaker/acting capacity from the previous government).
If no government forms by Aug 22, 2028, the Contract resolves to "No one" if that is an option and No for all other strikes. If new elections are called before government formation, the Contract resolves to "No one" immediately and No for all other strikes.
settlement_timer_seconds1800
statusactive
strike_typecustom
subtitlePedro Sánchez:: PSOE
tickerKXSPANISHPM-27AUG22-PSAN
titleWill Pedro Sánchez become Prime Minister of Spain following the next Spanish general election?