Texas loses border fight with Feds?

Texas loses border fight with Feds?

$35,590 vol

Market Rules

The outcome is No

If Fifth Circuit Court of Appeals rules that the federal government did not unlawfully destroy Texan property (its border wire), then the market resolves to Yes. Outcome verified from PACER.

Timeline and payout

Market openJan 27, 2024 · 10:00am EST

Market closedAfter the outcome occurs

Paid out1 hour after closing

If this event occurs, the market will close the following 10am ET. Otherwise, it closes by Nov 29, 2024 at 11:42am EST.

SeriesKXTEXASDHS

EventTEXASDHS-25DEC31

MarketTEXASDHS-25DEC31

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

In October of 2023, Texas Attorney General Ken Paxton sued the Department of Homeland Security after federal agents repeatedly cut and destroyed concertina wire the state had positioned along the border with Mexico in an effort to deter migrant crossings. The case is currently before the Fifth Circuit Court of Appeals.