Resolution Criteria
If a New York State court issues an order prohibiting, suspending, or pausing the opening or operation of at least one planned New York City municipal grocery store in Multicultural Business Coalition v. City of New York, Index Nos. 160693/2026 and 160694/2026, or a proceeding formally related to, consolidated with, transferred from, renumbering, succeeding, or reviewing either named matter and concerning the same requested relief before Jul 1, 2027, then the market resolves to Yes. The ruling must:
Be issued by a New York State court in Multicultural Business Coalition v. City of New York, Index Nos. 160693/2026 and 160694/2026, or a proceeding formally related to, consolidated with, transferred from, renumbering, succeeding, or reviewing either named matter and concerning the same requested relief
Address the matter described by the specified judgment
Be issued through a written order, opinion, judgment, or decision
A temporary restraining order, preliminary injunction, permanent injunction, or other written relief qualifies if it has the operative effect of prohibiting, suspending, or pausing the opening or operation of at least one planned New York City municipal grocery store. Partial relief affecting only one planned store is sufficient. A temporary restraint contained only in an order to show cause does NOT qualify; the restraint must be issued through a separate qualifying written order, opinion, judgment, or decision.
The following do NOT satisfy the Payout Criterion:
Oral rulings from the bench unless reduced to a written order
Tentative rulings that are not made final
Draft opinions that leak but are not officially issued
Settlements or voluntary dismissals
Administrative or scheduling orders
Orders to show cause
Minute orders that do not address the substantive issue in the specified judgment
For clarity:
Sua sponte rulings count if they match the specified judgment
Per curiam opinions and summary orders count as rulings
If multiple judges issue separate opinions, the majority/plurality opinion controls This market will close and expire early if the event occurs.
