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 to the exact number of upsets occurring within the South region during the Round of 64 and Round of 32 of the College Basketball tournament. For outcomes stated as "X+", the corresponding contract will resolve to "Yes" if the count of upsets is greater than or equal to X; otherwise it will resolve to "No". For the purposes of this market, an "upset" is defined as a game in which the team with the larger seed number defeats the team with the smaller seed number, as determined by the official final result (e.g., a 12 seed is larger than a 5 seed). If there are no upsets recorded, all markets settle as "No". If a game result is vacated, forfeited, or administratively awarded, the advancing team will be the official recorded winner and will be used for settlement purposes. 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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