TIMELINE
1
Event begins
2
Event ends
Results are determined
3
Payment issued
Shortly after results are determined
Disclaimer:
Prediction is an event contract that is a derivatives product offered by Crypto.com | Derivatives North America (CDNA), a CFTC-regulated exchange through OG technology. Trading on CDNA involves risk and may not be appropriate for all. By trading you risk losing your cost to enter any transaction, including fees. You should carefully consider whether trading on CDNA is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk.
HOW IT WORKS
This market will resolve according to the number of 1-seeded teams that reach the Round of 4 in the College Basketball tournament. For outcomes stated as "X+", the corresponding contract will resolve to "Yes" if the number of 1-seeded teams reaching the Round of 4 is greater than or equal to X; otherwise it will resolve to "No". For outcomes stated as an exact number (e.g., "0" or "4"), the corresponding contract will resolve to "Yes" if the count exactly matches that number; otherwise it will resolve to "No". The primary resolution source for this market will be official information from the league governing College Basketball. The official resolution sources are the agencies listed in Rule 14.67(c) in the CDNA Rulebook, which can be found here [https://www.nadex.com/rules/]. Liquidity may be low while the event is live. Trading is temporarily paused during scheduled maintenance periods. Settlement Source: Rule 14.67(c) in the CDNA Rulebook
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