Republican punished, John Katko?
Republican punished, John Katko?
Order book
No
Market Rules
The outcome is Did not punish
Resolves Yes if New York Republican member of Congress John Katko has been removed from, or recommended to be removed from in the future, a House committee assignment or Ranking Member status by the House Republican Steering Committee or House Republican Conference (or actually removed, according to the Clerk) by December 20, 2021.Outcome verified from Clerk of the House of Representatives and House Minority Leader.
The above is a summary of the Payout Criterion. For the full, legally binding terms and conditions, please see RPUNISH in the Rulebook.
If the event occurs prior to the Expiration Date, then the market will close and expire early. It will close and expire at the expiration time one day following the occurrence of the event.
Timeline and payout
Market openNov 19, 2021 · 10:00am EST
Market closedDec 20, 2021 · 10:00am EST
Paid outDec 21, 2021 · 12:00am EST
SeriesKXPPUNISH
EventPPUNISH-21DEC20
MarketPPUNISH-21DEC20-KATKO
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.