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1ases will be adjudicated. Until a market is listed under those terms, no trading happens.",demo:{title:'"Will the Fed cut rates in June 2026?"',sub:"Resolution source: FOMC June statement",rows:[["Status","Listed","ink"],["Listed at","Jan 12, 2026","ink"],["Closes","Jun 18, 2026 \xb7 2:00pm ET","ink"],["Tick size","$0.01","ink"],["Open interest","0","muted"]]}},{n:"02",t:"Discovery",short:"The order book opens. Price emerges from real bids.",body:"Market makers seed both sides of the book and the first traders fill in around them. The price you see is the last fill â the cost of one share equals the market's collective probability of Yes. 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