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 "Yes" if at least one 1-seeded team is eliminated prior to reaching the Round of 16 (Round of 16) in the College Basketball tournament. Otherwise, this market will resolve to "No". For the purposes of this market, a team is considered eliminated when it records its first loss in the tournament. Therefore, a 1-seed "loses before Round of 16" if it loses in either the Round of 64 or the Round of 32. 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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