Resolution criteria

This market resolves to YES if the daily closing price of Cheesecake Factory Incorporated common stock (NASDAQ: CAKE) is strictly below $88.88 on any trading day from market creation through December 28, 2026.

If the stock's closing price remains at or above $88.88 on all trading days during this period, this market resolves to NO.

Resolution will be based on historical closing prices as reported by Nasdaq or, in the event of downtime, a major financial tracking service such as Yahoo Finance or Google Finance. Daily closes are defined by standard trading hours (closing at 4:00 PM Eastern Time) and do not include extended-hours or after-market trading.

If any stock splits, reverse splits, or other structural share adjustments occur before the resolution date, the target price of $88.88 will be adjusted accordingly.

Background

The Cheesecake Factory Incorporated (NASDAQ: CAKE) operates and licenses full-service restaurants and bakery production facilities across the United States. In late July 2026, CAKE was trading at approximately $101.14, buoyed by positive quarterly earnings reports and upward price target revisions from analysts. This market tracks whether the stock will experience a downward correction and close below the $88.88 threshold at any point before the end of December 2026.

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