This market is designed to disentangle the question of whether there’s a really a better Democratic presidential candidate than Joe Biden. Since any erstwhile replacement would probably need to gather a lot of political support in order to force him out, the traditional conditional formulations do not get at the core question.

So:

This entire market resolves N/A UNLESS Joe Biden is no longer able to stand as the Democratic nominee through some process entirely outside of any political decision making. Examples would be:

• Some health issue that means he’s incapacitated

• He dies before the election

In particular, if he voluntarily resigns or gives up his delegates, or is removed at the convention despite being still alive and lucid, this still resolves N/A.

Otherwise:

An option resolves Yes if that person becomes the 2024 Democratic Party nominee and wins the presidential election.

An option resolves No if that person becomes the 2024 Democratic Party nominee and loses the presidential election.

An option resolves N/A if that person is not the 2024 Democratic Party nominee.

Since it’s somewhat ambiguous whether the initial condition is satisfied, I will not bet in this market.