"Dropped out" means any of the following: the candidate announces they are ending, suspending, or withdrawing from their campaign; the candidate files official withdrawal paperwork with relevant election authorities; the candidate publicly states they are no longer seeking the office; the candidate endorses another candidate while stating they are no longer running; or the candidate is disqualified by election authorities or courts and does not appeal.

The following do NOT constitute dropping out: death or incapacitation, losing a primary or election, failing to qualify for debates or ballots, temporarily suspending campaign activities without withdrawing, being eliminated through the normal election process, or reducing campaign activities while remaining a candidate.

Key provisions include the following: Once someone drops out per above criteria, the market resolves "Yes" even if they later re-enter. "Suspending" a campaign is treated as dropping out unless the candidate explicitly states they remain a candidate. Withdrawing from the race counts even if the person remains on the ballot.