HYPE July 20 Contract Sets 4 a.m. Price From 60 RTI Readings
Updated
Updated · robinhood.com · Jul 20
HYPE July 20 Contract Sets 4 a.m. Price From 60 RTI Readings
3 articles · Updated · robinhood.com · Jul 20
Summary
July 20's HYPE event contract will resolve at 4 a.m. EDT using an official price derived from 60 CF Benchmarks Real Time Index readings collected in the final minute before expiration.
That averaged index value determines whether contracts such as $60 or above, $61 or above, and $62 or above finish in the money, with displayed pricing implying a 99-cent market for $60 or above.
Payouts for correct predictions are usually made within 1 hour of resolution, while traders can also close positions before the event settles.
The contract bars employees of source agencies and anyone holding material non-public information from trading, extending the same resolution framework used in earlier HYPE contracts on July 19.