Listed close: Jan 8, 2027, 3:00 PM UTC. Settlement follows the provider's contract terms and may occur later.
If Venezuela agrees to or announces the completed designation, by a plenary vote of its National Assembly, of at least one new principal justice (magistrado principal) of the Supreme Tribunal of Justice before Jan 1, 2027, then the market resolves to Yes. Secondary rules: A new principal justice is a person who is not a principal justice (magistrado principal) of the Supreme Tribunal of Justice as of Issuance. The National Assembly's plenary vote designating them qualifies; they need not have been sworn in.
The following do NOT count:
The designation of only alternate justices (magistrados suplentes)
A list of candidates from the Judicial Nominations Committee or the Citizen Power
An announcement that the vote will be held on a future date, including a scheduled plenary session
The re-designation of a sitting principal justice
An agreement or announcement qualifies if it involves any of the following:
Formal signing of treaties
Parliamentary approval with binding effect
Official ratification
Formal commitment by the head of state/government with constitutional authority
Official statements by authorized ministers
Official press releases
Formal declarations during government proceedings
Official statements to international bodies
Phased implementation announcements and multi-party agreements where the country is a signatory also qualify.
The following do NOT qualify:
Preliminary discussions
Conditional agreements contingent on circumstances
Opposition party statements
Leaked documents
Think-tank recommendations
General aspirations without specific commitment
Draft legislation without approval
Regional actions (unless specified) Early close condition: This market will close and expire early if the event described in the Payout Criterion occurs.
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