Name: November Inflation - Annual
Start: 2025-11-13T23:20:56.90331Z
End: 2025-12-10T00:00:00Z

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This is a market about inflation over the 12-month period ending November 2025, before seasonal adjustment, as reported by the Bureau of Labor Statistics.

This market will resolve to the number the Consumer Price Index (CPI) increased by over the 12-month period ending in November 2025 according to the monthly Bureau of Labor Statistics (BLS) report.

The resolution source for this market will be the BLS Consumer Price Index report released for November 2025 (https://www.bls.gov/bls/news-release/cpi.htm), currently scheduled to be released on December 10, 2025, 2025, at 8:30 AM ET. Resolution of this market will take place upon release of the aforementioned data.

Note: the resolution source for this market will be the official monthly BLS CPI news release, which reports inflation over 12-month periods to only one decimal point (e.g., 2.9%). Thus, this is the level of precision that will be used when resolving the market.

If the BLS does not release the relevant figures on the scheduled date, this market may remain open up until the scheduled release time of the next CPI report (https://www.bls.gov/schedule). If the information is not released by that time, this market will resolve according the figures of the most recent previous month with available data. 

2.9%

3.1%

≤2.8%

3.0%

≥3.2%

US Annual Inflation 

November Inflation - Annual

This is a market on predicting the annual inflation rate for January.

January Inflation - Annual

This is a negrisk market group over inflation figures for December 2024.

December Inflation - Annual

This is a market about inflation over the 12 month period ending February 2025 before seasonal adjustment as reported by the Bureau of Labor Statistics.

This market will resolve to the number the Consumer Price Index (CPI) increased by over the 12 month period ending in February 2025 according to the monthly Bureau of Labor Statistics (BLS) report.

The resolution source for this market will be the BLS Consumer Price Index report released for February 2025 (https://www.bls.gov/bls/news-release/cpi.htm), currently scheduled to be released on March 12, 2025, at 8:30 AM ET. Resolution of this market will take place upon release of the aforementioned data.

Note: the resolution source for this market will be the official monthly BLS CPI news release which reports inflation over 12 month periods to only one decimal point (e.g. 2.9%). Thus, this is the level of precision that will be used when resolving the market.

February Inflation - Annual

This is a market about inflation over the 12 month period ending April 2025 before seasonal adjustment as reported by the Bureau of Labor Statistics.

This market will resolve to the number the Consumer Price Index (CPI) increased by over the 12 month period ending in April 2025 according to the monthly Bureau of Labor Statistics (BLS) report.

The resolution source for this market will be the BLS Consumer Price Index report released for April 2025 (https://www.bls.gov/bls/news-release/cpi.htm), currently scheduled to be released on May 13, 2025, at 8:30 AM ET. Resolution of this market will take place upon release of the aforementioned data.

Note: the resolution source for this market will be the official monthly BLS CPI news release which reports inflation over 12 month periods to only one decimal point (e.g. 2.9%). Thus, this is the level of precision that will be used when resolving the market.

April Inflation - Annual

This is a market about inflation over the 12 month period ending May 2025 before seasonal adjustment as reported by the Bureau of Labor Statistics.

This market will resolve to the number the Consumer Price Index (CPI) increased by over the 12 month period ending in May 2025 according to the monthly Bureau of Labor Statistics (BLS) report.

The resolution source for this market will be the BLS Consumer Price Index report released for May 2025 (https://www.bls.gov/bls/news-release/cpi.htm), currently scheduled to be released on June 11, 2025, at 8:30 AM ET. Resolution of this market will take place upon release of the aforementioned data.

Note: the resolution source for this market will be the official monthly BLS CPI news release which reports inflation over 12 month periods to only one decimal point (e.g. 2.9%). Thus, this is the level of precision that will be used when resolving the market.

May Inflation - Annual

This is a market about inflation over the 12 month period ending June 2025 before seasonal adjustment as reported by the Bureau of Labor Statistics.

This market will resolve to the number the Consumer Price Index (CPI) increased by over the 12 month period ending in June 2025 according to the monthly Bureau of Labor Statistics (BLS) report.

The resolution source for this market will be the BLS Consumer Price Index report released for June 2025 (https://www.bls.gov/bls/news-release/cpi.htm), currently scheduled to be released on July 15, 2025, at 8:30 AM ET. Resolution of this market will take place upon release of the aforementioned data.

Note: the resolution source for this market will be the official monthly BLS CPI news release which reports inflation over 12 month periods to only one decimal point (e.g. 2.9%). Thus, this is the level of precision that will be used when resolving the market.

June Inflation - Annual

This is a market about inflation over the 12 month period ending July 2025 before seasonal adjustment as reported by the Bureau of Labor Statistics.

This market will resolve to the number the Consumer Price Index (CPI) increased by over the 12 month period ending in July 2025 according to the monthly Bureau of Labor Statistics (BLS) report.

The resolution source for this market will be the BLS Consumer Price Index report released for July 2025 (https://www.bls.gov/bls/news-release/cpi.htm), currently scheduled to be released on August 15, 2025, at 8:30 AM ET. Resolution of this market will take place upon release of the aforementioned data.

Note: the resolution source for this market will be the official monthly BLS CPI news release which reports inflation over 12 month periods to only one decimal point (e.g. 2.9%). Thus, this is the level of precision that will be used when resolving the market.

archJuly Inflation - Annual

This is a market about inflation over the 12 month period ending July 2025 before seasonal adjustment as reported by the Bureau of Labor Statistics.

This market will resolve to the number the Consumer Price Index (CPI) increased by over the 12 month period ending in July 2025 according to the monthly Bureau of Labor Statistics (BLS) report.

The resolution source for this market will be the BLS Consumer Price Index report released for July 2025 (https://www.bls.gov/bls/news-release/cpi.htm), currently scheduled to be released on August 12, 2025, at 8:30 AM ET. Resolution of this market will take place upon release of the aforementioned data.

Note: the resolution source for this market will be the official monthly BLS CPI news release which reports inflation over 12 month periods to only one decimal point (e.g. 2.9%). Thus, this is the level of precision that will be used when resolving the market.

July Inflation - Annual

This is a market about inflation over the 12 month period ending August 2025 before seasonal adjustment as reported by the Bureau of Labor Statistics.

This market will resolve to the number the Consumer Price Index (CPI) increased by over the 12 month period ending in August 2025 according to the monthly Bureau of Labor Statistics (BLS) report.

The resolution source for this market will be the BLS Consumer Price Index report released for August 2025 (https://www.bls.gov/bls/news-release/cpi.htm), currently scheduled to be released on September 11, 2025, 2025, at 8:30 AM ET. Resolution of this market will take place upon release of the aforementioned data.

Note: the resolution source for this market will be the official monthly BLS CPI news release which reports inflation over 12 month periods to only one decimal point (e.g. 2.9%). Thus, this is the level of precision that will be used when resolving the market.

August Inflation - Annual

This is a market about inflation over the 12 month period ending September 2025 before seasonal adjustment as reported by the Bureau of Labor Statistics.

This market will resolve to the number the Consumer Price Index (CPI) increased by over the 12 month period ending in September 2025 according to the monthly Bureau of Labor Statistics (BLS) report.

The resolution source for this market will be the BLS Consumer Price Index report released for September 2025 (https://www.bls.gov/bls/news-release/cpi.htm), currently scheduled to be released on October 15, 2025, 2025, at 8:30 AM ET. Resolution of this market will take place upon release of the aforementioned data.

Note: the resolution source for this market will be the official monthly BLS CPI news release which reports inflation over 12 month periods to only one decimal point (e.g. 2.9%). Thus, this is the level of precision that will be used when resolving the market.

September Inflation - Annual

This is a market about inflation over the 12 month period ending October 2025 before seasonal adjustment as reported by the Bureau of Labor Statistics.

This market will resolve to the number the Consumer Price Index (CPI) increased by over the 12 month period ending in October 2025 according to the monthly Bureau of Labor Statistics (BLS) report.

The resolution source for this market will be the BLS Consumer Price Index report released for October 2025 (https://www.bls.gov/bls/news-release/cpi.htm), currently scheduled to be released on November 13, 2025, 2025, at 8:30 AM ET. Resolution of this market will take place upon release of the aforementioned data.

Note: the resolution source for this market will be the official monthly BLS CPI news release which reports inflation over 12 month periods to only one decimal point (e.g. 2.9%). Thus, this is the level of precision that will be used when resolving the market.

October Inflation - Annual

This market will resolve to “Yes” if the Consumer Price Index (CPI) increased by greater than the listed percent over the 12 month period ending with any month in 2026 according to the monthly Bureau of Labor Statistics (BLS) reports. Otherwise, this market will resolve to "No".

The resolution source for this market will be the BLS Consumer Price Index reports released for each month of 2026 (https://www.bls.gov/bls/news-release/cpi.htm). Resolution of this market will take place upon release of the aforementioned data.

This market may not resolve to "No" until the December 2026 report is issued. Once the December 2026 report is issued, any revisions to previously released CPI figures will not be counted toward this market's resolution. If the CPI report for December 2026 is not issued by January 31, 2027, 11:59 PM ET, this market will resolve based on CPI figures which have already been made available by the BLS.

Note: the resolution source for this market will be the official monthly BLS CPI news release which reports inflation over 12 month periods to only one decimal point (e.g. 2.9%). Thus, this is the level of precision that will be used when resolving the market.

Will inflation reach more than 3% in 2026?

This is a market about Argentinian inflation over the 12-month period ending December 2025, before seasonal adjustment, as reported by the National Institute of Statistics and Census (INDEC) of Argentina.

This market will resolve according to the percentage increase in Consumer Price Index (CPI / IPC) over the 12-month period ending in December 2025 (Variación % interanual Total nacional) according to the monthly INDEC report.

The resolution source for this market will be the INDEC Consumer Price Index report released for December 2025 (https://www.indec.gob.ar/), scheduled to be released in January 2026. Resolution of this market will take place upon release of the aforementioned data. If the report for December 2025 is not released by January 31, 2026, this market will resolve according to the last figure published.

You can find this report by clicking on the “Precios al consumidor” option on the home page of https://www.indec.gob.ar/, and searching the pdf for the figure under “Variación % interanual Total nacional”.

Note: the resolution source for this market will be the official monthly INDEC CPI (IPC) news release which reports inflation over 12 month periods to only one decimal point (e.g. 33.6%). Thus, this is the level of precision that will be used when resolving the market.

Will annual inflation increase by between 30% and 32.9% in December?

This is a market about the monthly variation of consumer prices in Argentinian, before seasonal adjustment, as reported by the National Institute of Statistics and Census (INDEC) of Argentina.

This market will resolve according to the number the Consumer Price Index (CPI / IPC) increased in December 2025 (Variación % mensual Total nacional), according to the monthly INDEC report.

The resolution source for this market will be the INDEC Consumer Price Index report released for December 2025 (https://www.indec.gob.ar/), currently scheduled to be released on January 13, 2026. Resolution of this market will take place upon release of the aforementioned data. 

You can find this report by clicking on the “Precios al consumidor” option on the home page of https://www.indec.gob.ar/, and searching the pdf for the figure under “Variación % mensual Total nacional”.

Note: the resolution source for this market will be the official monthly INDEC CPI (IPC) news release which reports monthly inflation change to only one decimal point (e.g. 1.9%). Thus, this is the level of precision that will be used when resolving the market.

Will monthly inflation be between 2.7% and 2.9% in December?

The IPCA (t. Broad National Consumer Price Index) is the official inflation rate measure used by the Brazilian government, tracked by the Brazilian Institute of Geography and Statistics (IBGE). The IPCA reflects the cost of living for households across urban areas in Brazil, measuring changes in prices for a diverse set of goods and services.

This market will resolve to “Yes” if the 12-month IPCA for December 2025 is below 5.50%. Otherwise, this market will resolve to “No”.

This market will resolve according to IBGE's (https://www.ibge.gov.br/en/indicators#ipca) public release of 12 month IPCA figure for December 2025, expected in January 2026. If the publication of this figure is delayed beyond February 28, 2026 ET, this market will resolve according to the last published figure.

Because this market's resolution source reports inflation over 12 month periods to two decimal points (e.g. 4.56%), this is the level of precision that will be used when resolving the market.

Brazil’s 12-month inflation below 5.50% for December 2025?

This market will resolve to "Yes" if both of the following conditions prove true at any point in 2025:

1) The "US recession in 2025?" market resolves to "Yes" (https://polymarket.com/event/us-recession-in-2025).

2) The Consumer Price Index (CPI) increases by 5.0% or more over the 12 month period ending in any month between April 2025 and December 2025 according to the US Bureau of Labor Statistics (https://www.bls.gov/bls/news-release/cpi.htm#current)

Otherwise, this market will resolve to "No".

This market will not resolve until all relevant figures are reported for the period of time encompassing December 2025.

The resolution sources for this market will be the NBER, BEA (https://www.bea.gov/data/gdp/gross-domestic-product), and BLS (https://www.bls.gov/bls/news-release/cpi.htm#current), as well as the "US recession in 2025?" market on Polymarket.

US stagflation in 2025?

This market will resolve according to the value reported by the Global Land-Ocean Temperature Index for November 2025 when it is released.

An anomaly within a named bracket for November 2025 is necessary and sufficient to resolve this market immediately once the data becomes available, regardless of whether the figure for November 2025 is later revised.

The primary resolution source for this market will be the figure found in the table titled "GLOBAL Land-Ocean Temperature Index in 0.01 degrees Celsius" under the column "Nov" in the row "2025" (https://data.giss.nasa.gov/gistemp/tabledata_v4/GLB.Ts+dSST.txt).

If NASA’s “Global Temperature Index” is rendered permanently unavailable, other information from NASA may be used.
If no information for November 2025 is provided by NASA by January 1, 2026, 11:59 PM ET, this market will resolve to the lowest range bracket.

Will global temperature increase by between 1.20ºC and 1.24ºC in November 2025?

This market will resolve based on the data for the Global Land-Ocean Temperature Index for November 2025 versus the data points available for all other Novembers on record.

Note: If November 2025 is tied for first, second, or third hottest with another year, it will qualify for the bracket it ties with.

The primary resolution source for this market will be the figures found in the table titled "GLOBAL Land-Ocean Temperature Index in 0.01 degrees Celsius" under the column "Nov" (https://data.giss.nasa.gov/gistemp/tabledata_v4/GLB.Ts+dSST.txt). If NASA's "Global Temperature Index" is rendered permanently unavailable, other information from NASA may be used.
If no information for November 2025 is provided by NASA by December 31, 2025, 11:59 PM ET, a consensus of credible sources will be used to resolve this market.

Will November 2025 be the 3rd hottest on record?

This market will resolve to "Yes" if the Bureau of Labor Statistics (BLS) ceases regular publication of any of the following reports: monthly Employment Situation reports (nonfarm payrolls and unemployment rate), Consumer Price Index (CPI), Producer Price Index (PPI), Employment Cost Index, Job Openings and Labor Turnover Survey (JOLTS), by December 31, 2025 at 11:59 PM ET. Otherwise, it will resolve to "No."

For purposes of this market, “ceases regular publication” means any of the following:

- The BLS officially announces it will no longer publish the report on its regular schedule.
- The BLS misses three consecutive scheduled releases of the report without providing the data within 30 days of each scheduled release date.
- The BLS announces that the report is discontinued, terminated, or permanently suspended.
- Legislative or executive action explicitly prohibits or defunds the publication of the report.

The following do NOT qualify as cessation:
- Temporary delays or postponements followed by subsequent publication (including delays caused by government shutdowns).
- Changes in methodology, seasonal adjustment, or calculation methods while continuing publication.
- Changes in publication frequency (e.g., monthly to quarterly) while maintaining regular releases.
- Format changes (e.g., digital-only, layout changes).
- Publishing preliminary or partial data with full data forthcoming.
- Changes to specific components within a report while the overall data series continues.
- Combining the report with other reports while still publishing the underlying data.
- BLS delays the jobs report due to a shutdown, then publishes it.
- BLS changes CPI methodology but continues publishing monthly CPI.
- BLS shifts employment data from monthly to quarterly.
- The Federal Reserve begins publishing employment data while BLS continues its own.
- BLS website outage delays posting, but data is released via other channels.
- BLS publishes preliminary data pending final adjustments.

The primary resolution source will be a consensus of credible reporting. 

Will BLS stop reporting payroll data this year?

This market will resolve to “Yes” if the Consumer Price Index (CPI) increased by 3.1 percent or more over the 12 month period ending with any month in 2025 according to the monthly Bureau of Labor Statistics (BLS) reports. Otherwise, this market will resolve to "No".

The resolution source for this market will be the BLS Consumer Price Index reports released for each month of 2025 (https://www.bls.gov/bls/news-release/cpi.htm). Resolution of this market will take place upon release of the aforementioned data.

This market may not resolve to "No" until the December 2025 report is issued. Once the December 2025 report is issued, any revisions to previously released CPI figures will not be counted toward this market's resolution. If the CPI report for December 2025 is not issued by January 31, 2026, 11:59 PM ET, this market will resolve based on CPI figures which have already been made available by the BLS.

Note: the resolution source for this market will be the official monthly BLS CPI news release which reports inflation over 12 month periods to only one decimal point (e.g. 2.9%). Thus, this is the level of precision that will be used when resolving the market.

Will inflation reach more than 3% in 2025?

This market will resolve based on the seasonally adjusted number of federal employees, as reported by the U.S. Bureau of Labor Statistics (BLS) under the "All Employees, Federal" series (CES9091000001), displayed here (https://fred.stlouisfed.org/series/CES9091000001)

This market will resolve according to the decrease in the seasonally adjusted number of federal employees between the December 2024 report and the December 2025 report.

If the reported value falls exactly between two brackets, then this market will resolve to the higher range bracket.

The difference will be calculated as the December 2024 value minus the December 2025 value.

The December 2024 figure will be based on the initial December 2024 BLS Employment Situation report scheduled for release on January 3, 2025, and the initial December 2025 figure will be based on the report scheduled for release on January 9, 2026. Revisions made to these figures will not be considered, only the values reported in the initial reports will be used.

The resolution source will be the BLS Employment Situation data, specifically the series CES9091000001, available at https://fred.stlouisfed.org/series/CES9091000001 or the official BLS website.


Will Elon and DOGE cut 150-200k employees in 2025?

This market will resolve according to the seasonally adjusted unemployment rate reported by Eurostat in the Euro Area Unemployment release for October 2025.

The resolution source for this market is the Euro Area Unemployment release, published by Eurostat every month at https://ec.europa.eu/eurostat/web/main/news/euro-indicators.

The next data release is scheduled for December 2, 2025. This market will resolve as soon as the relevant data is issued. Any revisions to the data after the first release will not count toward this market's resolution.

If no data for October is released by the date the next month's data is scheduled to be released, this market will resolve based on data from the last available month.

Note: the resolution source for this market reports unemployment to one decimal point. Thus, this is the level of precision that will be used when resolving the market.

Will the Eurozone’s October 2025 unemployment rate be 6.3%?

This market will resolve to “Yes” if the upper bound of the target federal funds rate is increased at any point between January 1, 2025 and the Fed's December 2025 meeting, currently scheduled for December 9-10. Otherwise, this market will resolve to “No”.

This market may not resolve to "No" until the Fed has released its rate changes information following its December meeting.

The primary resolution source for this market will be the official website of the Federal Reserve (https://www.federalreserve.gov/monetarypolicy/openmarket.htm), however a consensus of credible reporting may also be used.

Fed rate hike in 2025?

This market will resolve to the amount of basis points the target for the monetary policy rate is changed by versus the level it was prior to the Bank of Colombia's December 2025 meeting.

The resolution source for this market is information released by the Central Bank of Colombia after its December 19, 2025 policy meeting, as listed on the official Central Bank of Colombia calendar: https://www.banrep.gov.co/es/calendario-eventos

This market may resolve as soon as the Central Bank of Colombia's statement for their December meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to the "No change" bracket.

Will the Central Bank of Colombia announce no change at the December meeting?

This market will resolve to “Yes” if Bitcoin comparatively outperforms the S&P 500 (SPX) in December 2025, with performance measured as the percentage change in price during the month for each asset. Otherwise, this market will resolve to “No”.

The percentage change in price for Bitcoin will be calculated by comparing the "Close" price for the Binance 1 minute candle for BTC/USDT December 31, 2025 11:59 PM in the ET timezone to the "Close" price for the Binance 1 minute candle for BTC/USDT December 1, 2025 12:00 AM in the ET timezone.

The percentage change in the S&P 500 (SPX) will be calculated by comparing the official S&P 500 (SPX) Close price for the last trading day in December to the official S&P 500 (SPX) Close price for the last trading day in November, as reported by the Wall Street Journal.

If either of the relevant days have no official closing price (for example, due to a trading halt into the market close, system issue, delisting, or other disruption), the market will use the last valid on-exchange trade price of the regular session as the effective closing price.

The resolution sources for this market are Binance, specifically the BTC/USDT "Close" prices currently available at https://www.binance.com/en/trade/BTC_USDT with "1m" and "Candles" selected on the top bar, and the Wall Street Journal, specifically the Close values published by the WSJ under "Historical Prices" (US: https://www.wsj.com/market-data/stocks, EMEA: https://www.wsj.com/market-data/stocks/emea, ASIA: https://www.wsj.com/market-data/stocks/asia).

Bitcoin outperforms S&P 500 in December?

This market will resolve to 'Yes' if the seasonally adjusted and annualized GDP growth rate for the full year 2025, as derived from the 'Advance Estimate' for Q4 2025, scheduled for release by the U.S. Bureau of Economic Analysis (BEA) on January 30, 2026, reports a growth rate below 0. Otherwise, this market will resolve to 'No'.

The GDP release will be available at: https://www.bea.gov/data/gdp/gross-domestic-product.

Only the first available GDP report labeled as the 'Advance Estimate' for Q4 2025, which provides the initial full-year 2025 GDP growth rate, will be used for resolution. Any subsequent revisions or updates to the data will not be considered.

Negative GDP growth in 2025?

This market will resolve to “Yes”, if either of the following conditions are met:

1.  The National Bureau of Economic Research (NBER) publicly announces that a recession has occurred in the United States, at any point in 2025, with the announcement made by December 31, 2025, 11:59 PM ET.

2.  The seasonally adjusted annualized percent change in quarterly U.S. real GDP from the previous quarter is less than 0.0 for two consecutive quarters between Q4 2024 and Q4 2025 (inclusive), as reported by the Bureau of Economic Analysis (BEA). 

Otherwise, this market will resolve to "No". 

Note that advance estimates will be considered. For example, if upon release, the advance estimate for Q2 2025 was negative, and the Q1 2025's most recent, up-to-date estimate was also negative, this market would resolve to "Yes". If on December 31, 2025 the latest estimate for quarterly GDP in Q3 2025 was negative, this market will stay open until the Advance estimate of Q4 2025 is published, at which point it will resolve to "Yes" if Q4 2025 was negative or if the NBER declares a recession by then.

The resolution source will be the official announcements from the NBER and the BEA’s estimate of seasonally adjusted annualized percent change in quarterly US real GDP from previous quarters as released by the Bureau of Economic Analysis (BEA), https://www.bea.gov/data/gdp/gross-domestic-product

US recession in 2025?

This market will resolve to “Yes” if Brazil's unemployment rate for Q4 2025 is below 6.3% when it is released. Otherwise, this market will resolve to “No”.

This market will resolve according to IBGE's (https://www.ibge.gov.br/en/indicators#desemprego) public release of the Q4 2025 figure unemployment, expected in January 2026. If the publication of this figure is delayed beyond February 28, 2026 ET, this market will resolve according to the last published figure. 

Because this market's resolution source reports quarterly unemployment to one decimal point (e.g. 4.5%), this is the level of precision that will be used when resolving the market.


Brazil unemployment below 6.3% for Q4 2025?

The next Federal Open Market Committee (FOMC) meeting is scheduled for December 9–10, 2025. The policy decision will be announced at 2:00 PM Eastern Time on December 10, followed by the Fed Chair’s press conference at around 2:30 PM ET.

This market will resolve according to both the number of dissenting votes recorded at the next Federal Reserve Open Market Committee monetary policy meeting, specifically those dissenting on the Fed Funds Rate decision, and the amount of basis points the upper bound of the target federal funds rate is changed by versus the level prior to the meeting.

The resolution source for this market is the FOMC’s statement after its meeting scheduled for December 9–10, 2025, according to the official calendar: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm.

The FED interest rates are defined in this market by the upper bound of the target federal funds range. The decisions on the target federal fund range are made by the Federal Open Market Committee (FOMC) meetings.

If the FOMC changes the upper bound of the target federal funds rate by an amount that is within 12.5 basis points of either “No change” or a “25bp cut,” the change will be rounded to the corresponding listed bracket (e.g., a 12.5-bp change is rounded to a 25-bp cut).

If any change is announced that is not listed, including any non-standard increment that cannot be rounded to a listed bracket under the rule above, this market will resolve to “Other.”

The level and change of the target federal funds rate are also published at the official website of the Federal Reserve at https://www.federalreserve.gov/monetarypolicy/openmarket.htm.

This market may resolve as soon as the FOMC’s statement for the December meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to the “No change” bracket.

This market will resolve to the combined outcome corresponding to both the rate decision (No change / 25bp cut / Other) and the number of dissents (≤2 / >2) as expressed in the displayed strike options.

Will the December 2025 FOMC decision result in a 25bp cut with >2 dissents?

This market will resolve to "Yes" if the data for the Global Land-Ocean Temperature Index for 2025 shows an increase greater than that of any previously recorded year when it is released. Otherwise, this market will resolve to "No".

An anomaly greater than that of any previously recorded year for 2025 is necessary and sufficient to resolve this market to "Yes" immediately once the data becomes available, regardless of whether the figure for 2024 and/or 2025 is later revised.

The primary resolution source for this market will be the figure found in the table titled "Land-Ocean Temperature Index (C)" under the column "No_Smoothing" in the row "2025" (https://data.giss.nasa.gov/gistemp/graphs/graph_data/Global_Mean_Estimates_based_on_Land_and_Ocean_Data/graph.txt). If NASA's "Global Temperature Index" is rendered permanently unavailable, other information from NASA may be used. If no information for 2025 is provided by NASA by March 1, 2026, 11:59 PM ET, this market will resolve based on a consensus of credible reporting.

Will 2025 be the hottest year on record?

This market will resolve to “Yes” if either of the following conditions is met:

1.  The seasonally adjusted annualized percent change in quarterly U.S. real GDP from the previous quarter is less than 0.0 for two consecutive quarters between Q2 2025 and Q4 2026 (inclusive), as reported by the Bureau of Economic Analysis (BEA). 

2.  The National Bureau of Economic Research (NBER) publicly announces that a recession has occurred in the United States, at any point during 2025 or 2026, with the announcement made by the time the BEA releases the advance estimate for Q4 2026.

Otherwise, this market will resolve to "No". 

Note that advance estimates will be considered. For example, if upon release, the advance estimate for Q3 2025 was negative, and the Q2 2025's most recent, up-to-date estimate was also negative, this market would resolve to "Yes". If on December 31, 2026 the latest estimate for quarterly GDP in Q3 2025 was negative, this market will stay open until the Advance estimate of Q4 2026 is published, at which point it will resolve to "Yes" if Q4 2026 was negative or if the NBER declares a recession by then.

The resolution source will be the official announcements from the NBER and the BEA’s estimate of seasonally adjusted annualized percent change in quarterly US real GDP from previous quarters as released by the Bureau of Economic Analysis (BEA), https://www.bea.gov/data/gdp/gross-domestic-product

US recession by end of 2026?

This market will resolve to "Yes" if the data for the Global Land-Ocean Temperature Index for 2025 shows the second greatest increase of any previously recorded year when it is released. Otherwise, this market will resolve to "No".

An anomaly which is the second greatest of any previously recorded year for 2025 is necessary and sufficient to resolve this market to "Yes" immediately once the data becomes available, regardless of whether the figure for 2024 and/or 2025 is later revised.

The primary resolution source for this market will be the figure found in the table titled "Land-Ocean Temperature Index (C)" under the column "No_Smoothing" in the row "2025" (https://data.giss.nasa.gov/gistemp/graphs/graph_data/Global_Mean_Estimates_based_on_Land_and_Ocean_Data/graph.txt). If NASA's "Global Temperature Index" is rendered permanently unavailable, other information from NASA may be used. If no information for 2025 is provided by NASA by March 1, 2026, 11:59 PM ET, this market will resolve based on a consensus of credible reporting.

Will 2025 be the second hottest year on record?

This market will resolve if the value of the "[US] Federal government current tax receipts: Taxes on production and imports: Customs duties" for Q3 2025 is higher than Q2 2025, as defined and reported by the Federal Reserve Bank of St. Louis via the following source: https://fred.stlouisfed.org/series/B235RC1Q027SBEA

Only initial releases of each quarterly value will be used for resolution. Revisions made after the initial Q3 2025 release will not be counted.

If all relevant data is not published by December 31, 2025 ET, this market will resolve 50-50.

The resolution is based exclusively on the data shown in the chart linked above.

US tariff revenue up in Q3 2025?

This market will resolve according to the index that performs best for the week beginning November 24, among the Warren Buffett Index, the Bill Ackman Index, and the S&P 500.

The resolution source for the Warren Buffett Index ("Buffett") is: https://web.dubapp.com/portfolios/index/559450392165007360

Information from the "Performance" table, specifically the 1 week trailing percentage return figure found under "1W", will be used to resolve this market, once information is finalized for the final day of the specified trading period.

The resolution source for the Bill Ackman Index ("Ackman") is: https://web.dubapp.com/portfolios/index/559452008356167680

Information from the "Performance" table, specifically the 1 week trailing percentage return figure found under "1W", will be used to resolve this market, once information is finalized for the final day of the specified trading period.

The resolution source for S&P 500 ("SPX") is: https://www.wsj.com/market-data/quotes/index/SPX/historical-prices

Information from the "Historical Prices" table will be used to resolve this market, specifically the 1-week trailing percentage return calculated as the percentage change between the closing price for the final trading day of the specified week and the closing price for the corresponding day of the previous week (e.g. if the final trading day of the specified week is a Thursday, the closing price of the previous Thursday will be used to calculate the trailing 1 week percentage return). 

The performance of each index will be determined by the 1-week trailing percentage return of each index for the final trading day of the specified week. The index with the best percentage return will be deemed the winner.

Note that all figures will be rounded to the nearest cent using standard rounding.

If all indices perform exactly the same over that timeframe, this market will resolve to “Other”. 

If the specified indices do not trade at all during the regular session, the market will resolve to “Other”.

If either of the relevant trading days are shortened (for example, due to a market holiday schedule), the official closing price published by each relevant index for that shortened session will still be used for resolution.

If any of the relevant days lack a specified price (for example, due to a trading halt into the market close, system issue, delisting, or other disruption), this market will use the last valid historical price offered by the specified resolution sources as the effective closing price for that day.

Updates to historical prices displayed by any of the indices subsequent to this market's resolution will not be considered. This market will resolve according to the methodologies utilized by the specified indices as of the resolution time of this market, regardless of whether those methodologies are later updated.

Will the Bill Ackman Index have the best performance for the week of November 24?

This market will resolve to 'Yes' if the seasonally adjusted and annualized GDP growth rate for the full year 2026, as derived from the 'Advance Estimate' for Q4 2026, with a release by the U.S. Bureau of Economic Analysis (BEA) expected in January 2027, reports a growth rate below 0. Otherwise, this market will resolve to 'No'.

The GDP release will be available at: https://www.bea.gov/data/gdp/gross-domestic-product.

Only the first available GDP report labeled as the 'Advance Estimate' for Q4 2026, which provides the initial full-year 2026 GDP growth rate, will be used for resolution. Any subsequent revisions or updates to the data will not be considered.

November Inflation - Annual

≤2.8%
$11,471 Vol.
<1%
0123456789
%

2.9%
$11,616 Vol.
6%
0123456789
%

3.0%
$12,250 Vol.
45%
0123456789
%

3.1%
$13,966 Vol.
42%
0123456789
%

≥3.2%
$14,349 Vol.
10%
0123456789
%

Market Context

November Inflation - Annual

Rules

November Inflation - Annual

Market Context

November Inflation - Annual

About

Related

November Inflation - Annual

≤2.8%$11,471 Vol.<1%0123456789%buy Yes0.4¢buy No99.8¢

2.9%$11,616 Vol.6%0123456789%buy Yes6¢buy No95¢

3.0%$12,250 Vol.45%0123456789%buy Yes45¢buy No56¢

3.1%$13,966 Vol.42%0123456789%buy Yes42¢buy No59¢

≥3.2%$14,349 Vol.10%0123456789%buy Yes10¢buy No91¢

Market Context

November Inflation - Annual

Rules

November Inflation - Annual

Market Context

November Inflation - Annual

About

Related

≤2.8%
$11,471 Vol.
<1%
0123456789
%

2.9%
$11,616 Vol.
6%
0123456789
%

3.0%
$12,250 Vol.
45%
0123456789
%

3.1%
$13,966 Vol.
42%
0123456789
%

≥3.2%
$14,349 Vol.
10%
0123456789
%