This market resolves based on (1) the Supreme Court’s ruling on the pending tariff case and (2) the direction of the S&P 500 Index (SPX) on the relevant trading day.

Determining the ruling outcome

• If the Court invalidates or strikes down the tariff authority → unconstitutional

• If the Court upholds the tariff authority → constitutional

• If the ruling is mixed, unclear, or fundamentally ambiguous → resolves to Other

Determining the SPX market direction

• If ruling is released during market hours, compare that day's close to the previous day's close

• If ruling is released during after hours, compare the next day's close to the previous day's close

• If ruling is released on a weekend or U.S. market holiday, compare Monday's close vs Friday's close (or next trading day vs last trading day)

Zero-move rule

• If the S&P500 closes exactly unchanged, market resolves to "other"