Will Scott Bessent announce their departure as Secretary of the Treasury before Jan 1, 2029?
If Scott Bessent leaves (or announces he will leave) as Secretary of the Treasury before Jan 1, 2029, then the market resolves to Yes. Secondary rules: This market resolves based on when the departure is publicly announced or officially communicated, regardless of the effective date. Being considered for or named to another position does not count unless the announcement states or clearly communicates that Scott Bessent will cease to be Secretary of the Treasury. A departure that takes effect at the end of the current presidential term on Jan 20, 2029 does not count, including a statement that he will serve until then, that he will not serve in the next administration, or that he will take another office beginning then. If the person leaves the role due to death (i.e., if the person dies while holding the role), all contracts on the person may resolve to the last fair price as determined in the sole discretion of the Exchange. Temporary leaves of absence, suspensions, or recusals do not constitute leaving, resigning from, or retiring from the role unless the individual formally and permanently ceases to hold the position. If the person vacates the role and then re-occupies the role, the contract may settle on the initial vacation of the role. For "leave," cessation of holding the role qualifies, including resignation, retirement, removal, expulsion, expiration of term without renewal, recall, or other means by which the individual no longer occupies the role. This includes both voluntary and involuntary early departure AND the natural expiration of a term. Early close condition: This market will close and expire early if the specific individual leaves the role as defined in the payout criteria.
