Championship seat · Chicago · closes April 15

Will Chicago reach the championship?

Yes18¢

No82¢

Seller exposure

Qualification chance Seat price at trigger Buyer strike Premium now Claims sold

Loss0Gain

Premiums collected

Cash needed at trigger

Shortfall

Outcome	Odds	Seller keeps

Illustrative model. A covered seller already controls the seat right. An unbacked seller must source the seat after qualification changes its price.