DraftKings Predictions

Rules

The FOMC Event contract is a $0 or $1 binary option tied to whether the lower bound of the Federal Funds target rate range will meet or exceed various strike levels following the conclusion of scheduled FOMC Meetings. The minimum price fluctuation is $0.01. Market participants may trade each expiration up until 1 minute prior to the scheduled FOMC Target Range announcement. Each strike will settle to $0 or $1 based on the published Target Range lower bound after that meeting’s announcement. If a given FOMC meeting is delayed or rescheduled for a given expiration, settlement will be rescheduled to the new meeting date and the instrument will continue to be available for trading until that time. If the scheduled meeting has still not taken place after 10 business days, markets will be settled based on the published Federal Funds target rate range lower bound at that time.