Will the United Kingdom agree to or announce the removal or replacement of the Renewables Obligation Certificate buy-out fund redistribution mechanism before Jan 1, 2028?
Verbatim from the venue. The analyst must quote these, never paraphrase.
If the United Kingdom agrees to or announces the removal or replacement of the Renewables Obligation Certificate buy-out fund redistribution mechanism before Jan 1, 2028, then the market resolves to Yes.
An agreement or announcement qualifies if it involves any of the following:
Formal signing of treaties
Parliamentary approval with binding effect
Official ratification
Formal commitment by the head of state/government with constitutional authority
Official statements by authorized ministers
Official press releases
Formal declarations during government proceedings
Official statements to international bodies
Phased implementation announcements and multi-party agreements where the country is a signatory also qualify.
The following do NOT qualify:
Preliminary discussions
Conditional agreements contingent on circumstances
Opposition party statements
Leaked documents
Think-tank recommendations
General aspirations without specific commitment
Draft legislation without approval
Regional actions (unless specified)
Retraction of previously announced commitments
opens
Mar 14 · 2:00 PM UTC
closes
Jan 1, 2028 · 4:59 AM UTC · may close early
expires
Jan 8, 2028 · 3:00 PM UTC
Recent trades
Most recent first. Price is the YES side.
Time
Yes
No
Size
Taker
19d ago
Raw payload
Exactly what the API returned for this market.
Show JSON
market41
can_close_earlytrue
close_time2028-01-01T04:59:00Z
created_time2026-03-14T12:19:18.274734Z
custom_strike1
ask20049¢
spread7¢mid 45¢
bid542¢
bid20041¢
bid2482¢
bid2,2342¢
bid501¢
bid11.0k0¢
Yes bid (no ask)SizeYes
41¢
59¢
8
no
Action
ROC recycle removal
early_close_conditionThis market will close and expire early if the event described in the Payout Criterion occurs.
event_tickerKXUKRENEWOB-28JAN01
exchange_index0
expected_expiration_time2028-01-08T15:00:00Z
expiration_time2028-01-08T15:00:00Z
expiration_value
last_price_dollars0.4100
latest_expiration_time2028-01-08T15:00:00Z
liquidity_dollars0.0000
market_typebinary
no_ask_dollars0.5800
no_bid_dollars0.5100
no_sub_titleROC recycle removal
notional_value_dollars1.0000
open_interest_fp408.00
open_time2026-03-14T14:00:00Z
previous_price_dollars0.4100
previous_yes_ask_dollars0.9900
previous_yes_bid_dollars0.0100
price_level_structuretapered_deci_cent
price_ranges3
[0]3
end0.1000
start0.0000
step0.0010
[1]3
end0.9000
start0.1000
step0.0100
[2]3
end1.0000
start0.9000
step0.0010
result
rules_primaryIf the United Kingdom agrees to or announces the removal or replacement of the Renewables Obligation Certificate buy-out fund redistribution mechanism before Jan 1, 2028, then the market resolves to Yes.
rules_secondaryAn agreement or announcement qualifies if it involves any of the following:
Formal signing of treaties
Parliamentary approval with binding effect
Official ratification
Formal commitment by the head of state/government with constitutional authority
Official statements by authorized ministers
Official press releases
Formal declarations during government proceedings
Official statements to international bodies
Phased implementation announcements and multi-party agreements where the country is a signatory also qualify.
The following do NOT qualify:
Preliminary discussions
Conditional agreements contingent on circumstances
Opposition party statements
Leaked documents
Think-tank recommendations
General aspirations without specific commitment
Draft legislation without approval
Regional actions (unless specified)
Retraction of previously announced commitments
settlement_timer_seconds1800
statusactive
strike_typecustom
tickerKXUKRENEWOB-28JAN01-ROCC
titleWill the United Kingdom agree to or announce the removal or replacement of the Renewables Obligation Certificate buy-out fund redistribution mechanism before Jan 1, 2028?