European Central Bank cuts rates in Oct meeting?

This market will resolve to “Yes” if following the European Central Bank's (ECB) October 2024 meeting the deposit facility rate is set below the level it was prior to the meeting. Otherwise, it will resolve to “No”. The resolution source for this market is information from the ECB released after its meeting scheduled for October 17, 2024 according to their official calendar: https://www.ecb.europa.eu/press/calendars/mgcgc/html/index.en.html The level and change of the deposit facility rate is also published at the official website of the ECB at https://www.ecb.europa.eu/stats/policy_and_exchange_rates/key_ecb_interest_rates/html/index.en.html This market may resolve as soon as the ECB's statement for their October meeting with relevant data is issued. If no statement is released by October 31, 2024, 11:59 PM ET, this market will resolve to the "No change" bracket.

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Polymarket uses a central limit order book (CLOB) model — you can buy or sell shares of any outcome at the current market price, or place limit orders at your target price. All positions are settled in USDC when the market resolves.

Resolution

Markets resolve through UMA's Optimistic Oracle. After the market closes, a proposer submits a resolution, followed by a 2-hour dispute window. If no dispute is raised, the resolution is accepted. Disputed markets go to UMA token holder vote.