If Apple has announced the development of a car before 2025, then the market resolves toYes. Outcome verified from Apple.
Timeline and payout
Market openOct 23, 2023 · 5:00pm EDT
Market closedAfter the outcome occurs
Paid out1 hour after closing
If this event occurs, the market will close the following 10am ET. Otherwise, it closes by Dec 31, 2024 at 11:59pm EST.
SeriesKXAPPLECAR
EventAPPLECAR-24DEC31
MarketAPPLECAR-24DEC31
Insider trading is prohibited
The following are prohibited from trading this contract:
Persons who are employed by any of the Source Agencies are not permitted to trade on the Contract.
Persons who hold any material, non-public information on the Underlying are not permitted to trade on the Contract.
About
In 2020, there were rumors about Apple launching a self-driving car in 2024, powered by the company's breakthrough battery technology. However, according to the NYT, the project was canceled in February 2024.