{
  "_notice": {
    "type": "free_key_offer",
    "message": "Free and anonymous access is staying. If this endpoint is in your pipeline, a free key adds advance notice before any schema change or deprecation. POST /v1/keys {\"email\": \"you@firm.com\"} — nothing else required. Something broken or missing? hello@clearmarket.fyi reaches a human.",
    "docs": "https://clearmarket.fyi/for-data/",
    "policy": "This field is additive and its shape will not change."
  },
  "event_id": "CM-EVT-27PSS0BZX6",
  "slug": "kxtakeoveracqwb-27jun30",
  "question": "Will someone successfully take over Warner Brothers?",
  "category": "companies",
  "event_type": "BINARY",
  "ladder_distribution": null,
  "tags": [
    "companies",
    "corporate-acquisition",
    "warner-brothers",
    "entertainment-industry",
    "mergers-and-acquisitions",
    "2027"
  ],
  "catalyst_types": [],
  "catalyst_dates": [],
  "editorial_notes": "These markets track whether a named acquirer successfully completes a Warner Brothers takeover before July 2027. Three discrete binary contracts cover Netflix, Paramount, and a no-takeover outcome respectively. All three resolve via Kalshi staff determination referencing Financial Times reporting. The mutually exclusive structure means at most one contract can resolve affirmatively.",
  "venues_covered": [
    "kalshi"
  ],
  "primary_market_id": "CM-MKT-SFRBP6H2N4",
  "current_primary_mark": {
    "last_price": 0.72,
    "implied_probability": 0.72
  },
  "created_at": "2026-07-06T00:30:45.836226+00:00",
  "updated_at": "2026-07-06T00:30:45.836226+00:00",
  "markets": [
    {
      "market_id": "CM-MKT-QPKXH2PFX7",
      "event_id": "CM-EVT-27PSS0BZX6",
      "platform": "kalshi",
      "platform_market_id": "KXTAKEOVERACQWB-27JUN30-NFLX",
      "question": "Will Netflix's takeover of Warner Brothers succeed Before July 2027?",
      "description": "Netflix",
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      "settlement_currency": "USD",
      "underlying_reference": "Netflix: Kalshi staff determination based on Financial Times reporting will resolve whether the named company's takeover succeeds by July 1, 2027.",
      "close_at": "2027-07-01T03:59:00Z",
      "resolve_at": "2027-07-01T14:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If qualifying public announcements indicate Netflix's takeover of Warner Brothers has succeeded Before July 2027, then the market resolves to Yes.\n\nA takeover \"succeeds\" when BOTH of the following are publicly announced: (a) Corporate Approval—shareholders approved the acquisition OR the acquirer acquired controlling interest (>50% of voting shares); AND (b) Conditions Satisfaction—all material conditions including regulatory approvals have been satisfied or waived. Press releases, SEC filings (8-K, Schedule TO amendments), and official company announcements qualify. Letters of intent, agreements in principle, or conditional announcements do not satisfy the criteria. If one acquirer's takeover succeeds, all other acquirer markets immediately resolve to No. Resolution is based on the announcements, not the ultimate transaction outcome—if both criteria are announced but the deal later fails, the market still resolves to Yes. The \"None\" option resolves to Yes only if no takeover succeeds by the deadline.",
        "arbitration_model": "kalshi_staff",
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            "url": "https://www.cnbc.com/",
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            "provenance": "clearmarket_editorial"
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            "name": "official company announcements",
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        "source_of_record": "target company's official government filings",
        "source_mechanism": "single_authority",
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        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
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      "rcg": {
        "grade": "B",
        "score": 74,
        "caps": [],
        "applied_factors": 7
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      "last_price": 0.03,
      "implied_probability": 0.03,
      "volume_24h_usd": 110.9499,
      "volume_total_usd": 44240.3109,
      "settlement_style": "touch",
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      "threshold": null,
      "question_id": "CMX-BC134744DC",
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        {
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    },
    {
      "market_id": "CM-MKT-SFRBP6H2N4",
      "event_id": "CM-EVT-27PSS0BZX6",
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      "platform_market_id": "KXTAKEOVERACQWB-27JUN30-PSKY",
      "question": "Will Paramount's takeover of Warner Brothers succeed Before July 2027?",
      "description": "Paramount",
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      "underlying_reference": "Paramount: Kalshi staff determination based on Financial Times reporting will resolve whether the named company's takeover succeeds by July 1, 2027.",
      "close_at": "2027-07-01T03:59:00Z",
      "resolve_at": "2027-07-01T14:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If qualifying public announcements indicate Paramount's takeover of Warner Brothers has succeeded Before July 2027, then the market resolves to Yes.\n\nA takeover \"succeeds\" when BOTH of the following are publicly announced: (a) Corporate Approval—shareholders approved the acquisition OR the acquirer acquired controlling interest (>50% of voting shares); AND (b) Conditions Satisfaction—all material conditions including regulatory approvals have been satisfied or waived. Press releases, SEC filings (8-K, Schedule TO amendments), and official company announcements qualify. Letters of intent, agreements in principle, or conditional announcements do not satisfy the criteria. If one acquirer's takeover succeeds, all other acquirer markets immediately resolve to No. Resolution is based on the announcements, not the ultimate transaction outcome—if both criteria are announced but the deal later fails, the market still resolves to Yes. The \"None\" option resolves to Yes only if no takeover succeeds by the deadline.",
        "arbitration_model": "kalshi_staff",
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        "source": "Financial Times",
        "source_status": "platform_named",
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            "provenance": "clearmarket_editorial"
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        "source_mechanism": "single_authority",
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        "source_quality": "authoritative",
        "source_commitment": "named",
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      "rcg": {
        "grade": "B",
        "score": 74,
        "caps": [],
        "applied_factors": 7
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      "last_price": 0.72,
      "implied_probability": 0.72,
      "volume_24h_usd": 1804.8024,
      "volume_total_usd": 1195650.8856,
      "settlement_style": "touch",
      "direction": null,
      "threshold": null,
      "question_id": "CMX-5DCA37945B",
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      "tags": [
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          "regime": "ciro-26-0076",
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          "screened_at": "2026-06-12"
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    },
    {
      "market_id": "CM-MKT-QD6JR5K270",
      "event_id": "CM-EVT-27PSS0BZX6",
      "platform": "kalshi",
      "platform_market_id": "KXTAKEOVERACQWB-27JUN30-NONE",
      "question": "Will None's takeover of Warner Brothers succeed Before July 2027?",
      "description": "None before July 2027",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "None before July 2027: Kalshi staff determination based on Financial Times reporting will resolve whether the named company's takeover succeeds by July 1, 2027.",
      "close_at": "2027-07-01T03:59:00Z",
      "resolve_at": "2027-07-01T14:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If qualifying public announcements indicate None's takeover of Warner Brothers has succeeded Before July 2027, then the market resolves to Yes.\n\nA takeover \"succeeds\" when BOTH of the following are publicly announced: (a) Corporate Approval—shareholders approved the acquisition OR the acquirer acquired controlling interest (>50% of voting shares); AND (b) Conditions Satisfaction—all material conditions including regulatory approvals have been satisfied or waived. Press releases, SEC filings (8-K, Schedule TO amendments), and official company announcements qualify. Letters of intent, agreements in principle, or conditional announcements do not satisfy the criteria. If one acquirer's takeover succeeds, all other acquirer markets immediately resolve to No. Resolution is based on the announcements, not the ultimate transaction outcome—if both criteria are announced but the deal later fails, the market still resolves to Yes. The \"None\" option resolves to Yes only if no takeover (not merely no takeover by the listed potential acquirers) succeeds by the deadline.",
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    "ref": "CM-EVT-27PSS0BZX6",
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