The market resolves based on the official certification or declaration by the relevant electoral authority. For presidential or direct elections, the candidate who wins according to the electoral system (electoral college, popular vote, or runoff as applicable) is the winner. Markets resolve based on official results, not exit polls or projections. If elections are postponed beyond the expiration date, markets resolve to No. Contested results are resolved based on the final certified outcome by the appropriate electoral authority or highest court with jurisdiction.