
Powell says "unemployment" 5+ times in FOMC statement?
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About this market
ContextJerome Powell is currently scheduled to give an FOMC Introductory Statement and press conference on September 18 at 2:00 PM ET. This market will resolve to "Yes" if Powell says "unemployment" 5 or more times during the FOMC Introductory Statement. Otherwise, this market will resolve to "No". Note that this market only pertains to his Introductory Statement. Any usage of the word regardless of context will count toward the resolution of this market. Pluralization/possessive of the word will count toward the resolution of this market, however other forms will NOT count. Compound words will count as long as "unemployment" is part of the compound word and references the meaning which refers to the state of being unemployed, and/or the rate of such unemployment. If no such statement happens by September 18, 2024, 11:59 PM ET, this market will resolve to "No". The resolution source will be video and transcripts of the FOMC Introductory Statement.
How trading works
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.