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This market aims to predict whether or not BRICS will announce the acceptance of a new member after the 2023 BRICS summit scheduled to be held from August 22nd to 24th in South Africa.&nbsp; BRICS is an acronym for an association of five major emerging national economies: Brazil, Russia, India, China, and South Africa. Established with the aim of enhancing cooperation and economic collaboration between member countries, BRICS plays a significant role in shaping global economic policies and fostering international relations. The main event under consideration is whether BRICS will officially announce the inclusion of a new member following the 2023 summit. As many as 19 countries (such as Argentina, Mexico from Latin America; Nigeria, Algeria, from Africa; Saudi Arabia, UAE, from West Asia; Kazakhstan from Central Asia; Bangladesh and Afghanistan from South Asia; etc) are in the queue to join BRICS. The announcement could signify the expansion of BRICS' influence and cooperation on the world stage. This market will stop trading on 22 August, 2023 (00:00 UTC) and resolve on 1 September, 2023 (00:00 UTC). The market outcome will resolve to ‘YES’ with an official statement from BRICS or credible news sources confirming the acceptance of a new member by 31 August, 2023 (UTC). This market will resolve to ‘NO’ otherwise.

Advisory Committee Motion #46

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