Market question: Will Binance.com become insolvent by Feb 28, 2023?
Category: Other
Tags: All

This market will resolve to "Yes" if official information released by Binance, official representatives of Binance (e.g. lawyers, spokespeople, etc.), or a consensus of credible reporting announces by February 28, 2023, 11:59:59 PM ET that Binance.com is insolvent or is filing/has filed for any variety of bankruptcy.

This market will also resolve to "Yes" if Binance.com withdrawals for BTC and/or ETH are suspended for a majority of users for at least 7 full days (168 hours) in a row by February 28, 2023, 11:59:59 PM ET. The primary resolution source for this settlement criterion will be official information released by Binance, official representatives of Binance (e.g. lawyers, spokespeople, etc.), and a consensus of credible reporting.

If neither of the above criteria are met, this market will resolve to "No".

This market only concerns Binance.com. Binance.us is not considered for this market.

Binance.com withdrawals being suspended for a majority of users means that a majority of users are unable to withdraw their BTC and/or ETH from Binance (E.g. If a majority of users are unable to withdraw their ETH from Binance, it will satisfy the condition.)

If Binance.com suspends withdrawals on a day in the last week of February (e.g. They halt token withdrawals on February 27, 2023, 4 PM ET), this market will not resolve until either: 1) withdrawals are reenabled before 7 full days (168 hours) pass, resulting in a "No" resolution; 2) 7 full days pass (Feb 27 - Mar 6, 2023, 4 PM ET) where withdrawals are suspended, resulting in a "Yes" resolution.

Outcome: No