This is a advisory committee whose proposer address (dDyf99y6WM53Xn18Ac2JCykcDpbNsiZj285Eq9zFJpL136YtK) is shown in on-chain info below. Only this user can edit this description and the title. If you own this account, login and tell us more about your proposal.

In a recent securities filing, Michael Burry's Scion Asset Management has signaled a significant bearish outlook on the S&amp;P 500. Burry, renowned for anticipating the 2008 financial crisis and highlighted in the book and film "The Big Short," has acquired put options against the S&amp;P 500 by the end of the second quarter. This comes amidst the S&amp;P 500 showing substantial gains this year, largely propelled by mega-cap companies. The specific details of these options, such as strike prices and expiration dates, remain undisclosed. (<a href="https://www.reuters.com/markets/us/burry-famous-big-short-bought-bearish-options-against-sp-nasdaq-100-2023-08-14/" rel="noopener noreferrer" target="_blank">Source</a>) For this prediction market, a drop of 20% or more in the S&amp;P 500 (SPY) from its closing value on August 14, 2023, to any day's closing until the end of September 2023 will be termed as a "stock market crash.” The following API queries will be used to resolve the market: - <a href="https://www.alphavantage.co/query?function=TIME_SERIES_DAILY&amp;symbol=SPY&amp;apikey=YOUR_API_KEY" rel="noopener noreferrer" target="_blank">https://www.alphavantage.co/query?function=TIME_SERIES_DAILY&amp;symbol=SPY&amp;apikey=YOUR_API_KEY</a>; from the resulting JSON, the closing value on August 14, 2023, can be extracted from the "2023-08-14" date under the "4. close" key.- <a href="https://www.alphavantage.co/query?function=TIME_SERIES_DAILY&amp;symbol=SPY&amp;apikey=YOUR_API_KEY" rel="noopener noreferrer" target="_blank">https://www.alphavantage.co/query?function=TIME_SERIES_DAILY&amp;symbol=SPY&amp;apikey=YOUR_API_KEY</a>; from the JSON response, the most recent closing value will be extracted from the latest date within September 2023, again using the "4. close" key. The market will resolve as "Yes" if there is a decline of 20% or more in the S&amp;P 500's closing value from August 14, 2023, to any day's closing value until the end of September 2023. If no such decline occurs, the outcome will resolve as "No." Note: The closing value at the end of the trading day will be the value considered for the resolution. Replace YOUR_API_KEY with the actual Alpha Vantage API key when making the calls.

Advisory Committee Motion #null

No Active Proposals