Reconciliation size by Nov 14, 2021?
Reconciliation size by Nov 14, 2021?
Above $2.5 trillion
No
Above $2.5 trillion
No
Above $1.5 trillion
No
Above $1.5 trillion
No
Market Rules
Above $2.5 trillion
If Congress.gov contains documentation of a Bill that “became law” after the date of Issuance and before November 14, 2021 and contains reconciliation instructions; and that Bill's most recent estimated ten-year spending outlays according to the CBO are greater than $2.5 trillion, then the market resolves to Yes. Outcome verified from Library of Congress and Congressional Budget Office.
Please see RECSZ in the Rulebook for such details.
Such Bills typically begin with the phrase: “To provide for reconciliation pursuant to..."
Timeline and payout
Market openSep 26, 2021 · 10:00am EDT
Market closedNov 16, 2021 · 10:00am EST
Paid outNov 16, 2021 · 10:00am EST
SeriesKXRECLAW
EventRECLAW-21NOV14
MarketRECLAW-21NOV14-T2.5
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.