The market will be resolved upon the official certification of the election results by the relevant Argentine regulatory authority.
The market resolves as YES if, and only if, Milei is elected in the October election without a runoff.
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ARS (blue dollar rate) is actually strengthening so this is less likely? (but what the hell is going on with income taxes in Argentina? This isn't even an attempt at MMT at this point)
I think Milei is going to win the elections and will be the next president for Argentina. The economy in argentina has gone down dramatically in the past 5 years, with the argentinian peso having no value practically. In 2019 for each USD you could get 60 ARS, right now, every USD gets you 350ARS, that is an increment of 480% which only shows how much has the peso devaluated. This devaluation has affected the country masively in terms of unenployment, poverty and economy. Milei wants to use USD as the oficial currency for Argentina, which would help to stop the massive inflation and normalize the economy. Latest polls show that people want to go in that direction and put him as the favourite to win.
I should’ve clarified before buying. This question only resolves yes if he receives the plurality of votes and at least 45% without need for a runoff?
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