The Payout Criterion for the Contract encompasses the Expiration Values that the Supreme Court has ruled that Hawaii may not presumptively prohibit licensed concealed-carry permit holders from carrying handguns on private property open to the public unless the property owner affirmatively gives express permission to the handgun carrier, after Issuance and before Aug 1, 2026. The market resolves to No if the Court upholds Hawaii’s presumptive prohibition, or if the case is dismissed, DIG’d, remanded, or otherwise disposed of without a merits ruling on whether Hawaii may impose that express-permission requirement.