Resolution criteria

• This market resolves to YES if the College Football Playoff (CFP) is officially expanded to include more than 12 teams for any college football season up to and including the 2027–28 season (the playoff tournament beginning in December 2027).

• This market resolves to NO if the CFP bracket contains 12 or fewer teams for both the 2026–27 and 2027–28 college football seasons.

• The primary source of truth will be official press releases from the College Football Playoff official website or major sports media reporting (e.g., ESPN, CBS Sports).

• An official announcement of a future expansion that only takes effect starting with the 2028–29 season or later will resolve this market to NO. The actual tournament featuring more than 12 teams must be scheduled to begin play in or before December 2027.

Background

• The CFP expanded from 4 teams to 12 teams starting with the 2024–25 season.

• In January 2026, the CFP Management Committee officially confirmed that the playoff format would remain at 12 teams for the 2026–27 season after the Big Ten and SEC failed to reach a consensus on expansion.

• While there is strong support among various Power Four commissioners for a 16-team or 24-team bracket, the SEC has largely favored a 16-team format, whereas the Big Ten and others have pushed for a 24-team model.

• To implement an expanded bracket in time for the 2027–28 season, the CFP Management Committee must finalize and agree upon a new format by December 1, 2026. If no agreement is reached by this deadline, the 12-team format will remain in place for 2027, shifting any potential expansion timeline to 2028 or beyond.

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