As CEOs get removed or quit, we'll take them out and mark them 0. Once we get down to just three left, they will all get marked as 100% and the market will be over!
Out means not CEO anymore. That includes the company being dissolved, bought, etc.
If the company splits, to survive they must be leader of the largest part.
If the company is bought they can only survive by being the CEO of the resulting company.
If the company changes name, no issue as long as they're still CEO.
If the company has no CEO, they must at least still be the clear single solo leader.
Note: this market type does NOT auto-adjust percentages. Logically, the total of the above should be 300%, but it won't be. This means that there is lots of likely arbitrage to do on this market most of the time, to the extent that you have tight estimates you believe in.
Prices will not auto-adjust so you'll have to control arbitrage yourselves.
Update: one gone, 19 left.
Part of the 2023 CEO Tontine Markets:
/Ernie/ceo-tontine-which-three-of-these-tw
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