Suez canal closes before April?
Suez canal closes before April?
$24,317 vol
Order book
No
Market Rules
The outcome is No
If the Suez Canal has been closed for any point in time by Mar 31, 2024, then the market resolves to Yes. Outcome verified from Suez Canal Authority and Bloomberg.
Timeline and payout
Market openDec 22, 2023 · 4:45pm EST
Market closedAfter the outcome occurs
Paid out1 hour after closing
SeriesKXSUEZ
EventSUEZ
MarketSUEZ-24
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
Over 10% of global trade passes through the Suez Canal each year. However, thanks to ongoing attacks from Iranian-backed Houthi rebels, that number may drop significantly in 2024. Several high-profile companies, including oil giant BP and the shipping behemoth Maersk, have paused their traffic in the area. Will the ongoing rebel attacks force the Suez Canal to close before April of 2024, or will a U.S.-led military coalition succeed in bringing the violence to a halt?