- What is the “Will the NBA alter draft lottery rules?” market asking?
- It asks whether the following will happen: Will the NBA alter draft lottery rules? Traders buy Yes shares if they think it will and No shares if they think it will not.
- What do the Yes and No prices mean?
- At the last observation Yes traded at 100.0¢ and No at 0.0¢. A Yes share pays $1 if the market resolves Yes, so its price is the market's implied probability: 100.0% for Yes and 0.0% for No. The two prices add up to about one dollar.
- How did this market resolve?
- It resolved Yes on 28 May 2026. Trading has stopped; the record of prices, holders and trades stays on this page.
- How does this market resolve?
- This market will resolve to “Yes” if the NBA Board of Governors passes any vote that changes the rules of the NBA Draft Lottery before the start of the 2026 NBA Draft, scheduled for June 24, 2026, regardless of when the changes take effect. Otherwise, this market will resolve to “No.” Changes to the Draft Lottery may include rules related, but not limited to: the number of teams in the lottery, the percentages for picks allotted to teams in the lottery, etc. Changes related to date, location, or other logistical changes will not be considered. The primary resolution source for this market…
- What is the difference between volume, liquidity and open interest?
- Volume is the dollar value of shares traded in a period, liquidity is the dollar value resting in the order book ready to be traded against, and open interest is the value of all shares currently held. Volume measures activity, liquidity measures how easily you can trade, and open interest measures how much is at stake.
