Will the stock market respond more positively if Biden wins the election over Trump?
Standard
14
Ṁ303
resolved Sep 4
Resolved
N/A

Resolved as 'Yes' if the probability of the S&P 500 exceeding 5000 by the end of 2024 is higher in the scenario of Biden winning the election compared to Trump winning by the time market closes.

This market closes on Nov 1st.

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@mods resolves N/A

@AmmonLam this could use love or else maybe @mods can clear up what this market means. There is basically no clear resolution policy and no update now that Biden isn’t running.

@mqudsi This is a bad way to structure this market (IMO), for a variety of reasons. It also has edge case issues, which have happened, which causes problems. Again, IMO, being aware of that possibility (or at least accepting that it might be an unknown-unknown risk) is the responsibility of traders in all markets, and especially complex derivative markets with underlying N/A possibilities like this one.

But, that said, I don't actually think this market is hard to resolve. I think we just wait until this market closes on Nov 1, then check the prices of the two underyling markets, and resolve this one accordingly.

The core problem here is that one of the underlying markets will resolve N/A. That's fine, in that it will still have a Nov 1 price, so we can resolve this market. And presumably the hope when this market was written was that it wouldn't be entirely clear which underlying would N/A, which would make this all work. But now it's obvious that the Biden one specifically will resolve N/A. So you can price manipulate it with near impunity to profit on this one. So now this market is (kinda) whalebait.

Anyway, I recommend trading with caution here.

If I'm understanding the criteria correctly, this is asking "Will Manifold expect the stock market to respond more positively if Biden wins the election over Trump?"