Market question: US debt ceiling hike by June 1?
Category: Other
Tags: All

This market will resolve to "Yes" if the current debt ceiling for the US federal government is raised or suspended between May 16 and June 1, 2023, 11:59:59 PM ET. Otherwise, this market will resolve to "No".

The debt ceiling for the US federal government herein refers to the limit set by Title 31 of the U.S. Code, § 3101. Raising this debt ceiling refers to legislation enacted creating a new debt limit greater than the legal limit in effect as of the creation of this market (5/16/2023). Suspending this debt ceiling refers to legislation enacted that suspends application of the debt limit found in Title 31 U.S. Code § 3101 for any length of time.

The primary resolution source for this market will be information from the U.S. federal government (e.g. https://www.congress.gov/), however a consensus of credible reporting will also be used.

Outcome: No