{
  "_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-CP17BTS9G2",
  "slug": "who-will-close-warner-bros-acquisition",
  "question": "Will Paramount close Warner Bros acquisition?",
  "category": "technology",
  "event_type": "BINARY",
  "ladder_distribution": null,
  "tags": [
    "technology",
    "tech",
    "m-and-a",
    "warner-bros",
    "media-streaming",
    "corporate-acquisition"
  ],
  "catalyst_types": [],
  "catalyst_dates": [],
  "editorial_notes": "These markets track which entity will complete acquisition of Warner Bros. Discovery's studios and streaming businesses. Each leg prices a distinct acquirer as a binary outcome; the legs are mutually exclusive and collectively exhaustive, including a catch-all and a null outcome through June 30, 2027. Named counterparties include Netflix, Comcast, and Paramount alongside anonymized placeholders. Resolution follows Polymarket's UMA Optimistic Oracle, requiring confirmed deal close, not announcement.",
  "venues_covered": [
    "polymarket"
  ],
  "primary_market_id": "CM-MKT-DDKHN4R0K0",
  "current_primary_mark": {
    "last_price": 0.76,
    "implied_probability": 0.76,
    "as_of": "2026-09-06T19:00:47.588Z"
  },
  "created_at": "2026-08-04T20:03:51.865287+00:00",
  "updated_at": "2026-08-04T20:03:51.865287+00:00",
  "markets": [
    {
      "market_id": "CM-MKT-L92D4H9G58",
      "event_id": "CM-EVT-CP17BTS9G2",
      "platform": "polymarket",
      "platform_market_id": "0x7ed08b305a3cca4f5b4e0c295c6b066e424a61358447b35d4f9bf1c2b56fe37c",
      "question": "Will Netflix close Warner Bros acquisition?",
      "description": "This market will resolve according to the first entity that acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET. \n\nTransactions that involve only Warner Bros. Discovery's linear television networks, news channels, or other non-studio, non-streaming assets, without also transferring control of its studios and streaming businesses, will not qualify.\n\nAnnouncements of non-finalized arrangements — including, the currently announced Netflix agreement to acquire Warner Bros. Discovery’s studios and streaming businesses — will not qualify.\n\nIf n",
      "contract_type": "binary",
      "settlement_currency": "USDC",
      "underlying_reference": "Netflix: Whichever named entity first completes acquisition of the referenced company's studios and streaming businesses resolves the outcome, verified by UMA Optimistic Oracle, by June 30, 2027, 11:59 PM ET.",
      "close_at": null,
      "resolve_at": null,
      "status": "open",
      "resolution": {
        "rules_raw": "This market will resolve according to the first entity that acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET. \n\nTransactions that involve only Warner Bros. Discovery's linear television networks, news channels, or other non-studio, non-streaming assets, without also transferring control of its studios and streaming businesses, will not qualify.\n\nAnnouncements of non-finalized arrangements — including, the currently announced Netflix agreement to acquire Warner Bros. Discovery’s studios and streaming businesses — will not qualify.\n\nIf no entity acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET, this market will resolve to \"None by June 30 2027\". \n\nResolution will be based on by a consensus of reporting.",
        "arbitration_model": "uma_oracle",
        "proposer": "managed_whitelist",
        "source": null,
        "source_status": "no_committed_source",
        "source_citation": null,
        "sources": null,
        "source_of_record": null,
        "source_mechanism": null,
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        "source_quality": null,
        "source_commitment": "uncommitted",
        "source_commitment_subtype": "uncommitted_placeholder",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "C",
        "score": 38,
        "caps": [
          "multi_source_no_conflict_rule",
          "commitment_uncommitted_placeholder"
        ],
        "applied_factors": 7
      },
      "last_price": 0.002,
      "implied_probability": 0.002,
      "price_as_of": "2026-09-07T06:00:39.582Z",
      "volume_24h_usd": 0,
      "volume_total_usd": 255781.3331700001,
      "settlement_style": "occurrence",
      "direction": "occurrence",
      "threshold": null,
      "question_id": "CMX-BC134744DC",
      "also_on": [
        {
          "venue": "kalshi",
          "market_id": "CM-MKT-QPKXH2PFX7",
          "price": 0.03
        }
      ],
      "tags": [
        "acquirer",
        "media",
        "netflix",
        "streaming"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-M1ZNM7KZ69",
      "event_id": "CM-EVT-CP17BTS9G2",
      "platform": "polymarket",
      "platform_market_id": "0x6e23cb712508ca15d80ef2aa8334716a7a315a50469bbb66bef2a421a97a1c54",
      "question": "Will Comcast close Warner Bros acquisition?",
      "description": "This market will resolve according to the first entity that acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET. \n\nTransactions that involve only Warner Bros. Discovery's linear television networks, news channels, or other non-studio, non-streaming assets, without also transferring control of its studios and streaming businesses, will not qualify.\n\nAnnouncements of non-finalized arrangements — including, the currently announced Netflix agreement to acquire Warner Bros. Discovery’s studios and streaming businesses — will not qualify.\n\nIf n",
      "contract_type": "binary",
      "settlement_currency": "USDC",
      "underlying_reference": "Comcast: Whichever named entity first completes acquisition of the referenced company's studios and streaming businesses resolves the outcome, verified by UMA Optimistic Oracle, by June 30, 2027, 11:59 PM ET.",
      "close_at": null,
      "resolve_at": null,
      "status": "open",
      "resolution": {
        "rules_raw": "This market will resolve according to the first entity that acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET. \n\nTransactions that involve only Warner Bros. Discovery's linear television networks, news channels, or other non-studio, non-streaming assets, without also transferring control of its studios and streaming businesses, will not qualify.\n\nAnnouncements of non-finalized arrangements — including, the currently announced Netflix agreement to acquire Warner Bros. Discovery’s studios and streaming businesses — will not qualify.\n\nIf no entity acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET, this market will resolve to \"None by June 30 2027\". \n\nResolution will be based on by a consensus of reporting.",
        "arbitration_model": "uma_oracle",
        "proposer": "managed_whitelist",
        "source": null,
        "source_status": "no_committed_source",
        "source_citation": null,
        "sources": null,
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        "source_quality": null,
        "source_commitment": "uncommitted",
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        "source_hedge_text": null
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      "rcg": {
        "grade": "C",
        "score": 38,
        "caps": [
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        "applied_factors": 7
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      "last_price": 0.001,
      "implied_probability": 0.001,
      "price_as_of": "2026-09-05T13:01:18.885Z",
      "volume_24h_usd": 0,
      "volume_total_usd": 235384.799812,
      "settlement_style": "occurrence",
      "direction": "occurrence",
      "threshold": null,
      "question_id": "CMX-FFC0A31BF8",
      "also_on": null,
      "tags": [
        "acquirer",
        "comcast",
        "media",
        "telecom"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-DDKHN4R0K0",
      "event_id": "CM-EVT-CP17BTS9G2",
      "platform": "polymarket",
      "platform_market_id": "0xa71785ae27eeaf2a9f7adf8f4f0d7db11e773fa2602b28c55399d31e91c3f2f0",
      "question": "Will Paramount close Warner Bros acquisition?",
      "description": "This market will resolve according to the first entity that acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET. \n\nTransactions that involve only Warner Bros. Discovery's linear television networks, news channels, or other non-studio, non-streaming assets, without also transferring control of its studios and streaming businesses, will not qualify.\n\nAnnouncements of non-finalized arrangements — including, the currently announced Netflix agreement to acquire Warner Bros. Discovery’s studios and streaming businesses — will not qualify.\n\nIf n",
      "contract_type": "binary",
      "settlement_currency": "USDC",
      "underlying_reference": "Paramount: Whichever named entity first completes acquisition of the referenced company's studios and streaming businesses resolves the outcome, verified by UMA Optimistic Oracle, by June 30, 2027, 11:59 PM ET.",
      "close_at": null,
      "resolve_at": null,
      "status": "open",
      "resolution": {
        "rules_raw": "This market will resolve according to the first entity that acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET. \n\nTransactions that involve only Warner Bros. Discovery's linear television networks, news channels, or other non-studio, non-streaming assets, without also transferring control of its studios and streaming businesses, will not qualify.\n\nAnnouncements of non-finalized arrangements — including, the currently announced Netflix agreement to acquire Warner Bros. Discovery’s studios and streaming businesses — will not qualify.\n\nIf no entity acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET, this market will resolve to \"None by June 30 2027\". \n\nResolution will be based on by a consensus of reporting.",
        "arbitration_model": "uma_oracle",
        "proposer": "managed_whitelist",
        "source": null,
        "source_status": "no_committed_source",
        "source_citation": null,
        "sources": null,
        "source_of_record": null,
        "source_mechanism": null,
        "source_type": null,
        "source_quality": null,
        "source_commitment": "uncommitted",
        "source_commitment_subtype": "uncommitted_placeholder",
        "source_hedge_text": null
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      "rcg": {
        "grade": "C",
        "score": 38,
        "caps": [
          "multi_source_no_conflict_rule",
          "commitment_uncommitted_placeholder"
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        "applied_factors": 7
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      "last_price": 0.76,
      "implied_probability": 0.76,
      "price_as_of": "2026-09-06T19:00:47.588Z",
      "volume_24h_usd": 0,
      "volume_total_usd": 530280.880876,
      "settlement_style": "occurrence",
      "direction": "occurrence",
      "threshold": null,
      "question_id": "CMX-4FE06AEA23",
      "also_on": null,
      "tags": [
        "acquirer",
        "entertainment",
        "media",
        "paramount"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-YW8JBVJFF8",
      "event_id": "CM-EVT-CP17BTS9G2",
      "platform": "polymarket",
      "platform_market_id": "0xe7cb7baf5221ed611946d56e8041d790b759702a7f6d10d59bf3d40845bb4913",
      "question": "Will Company A close Warner Bros acquisition?",
      "description": "This market will resolve according to the first entity that acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET. \n\nTransactions that involve only Warner Bros. Discovery's linear television networks, news channels, or other non-studio, non-streaming assets, without also transferring control of its studios and streaming businesses, will not qualify.\n\nAnnouncements of non-finalized arrangements — including, the currently announced Netflix agreement to acquire Warner Bros. Discovery’s studios and streaming businesses — will not qualify.\n\nIf n",
      "contract_type": "binary",
      "settlement_currency": "USDC",
      "underlying_reference": "Company A: Whichever named entity first completes acquisition of the referenced company's studios and streaming businesses resolves the outcome, verified by UMA Optimistic Oracle, by June 30, 2027, 11:59 PM ET.",
      "close_at": null,
      "resolve_at": null,
      "status": "closed",
      "resolution": {
        "rules_raw": "This market will resolve according to the first entity that acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET. \n\nTransactions that involve only Warner Bros. Discovery's linear television networks, news channels, or other non-studio, non-streaming assets, without also transferring control of its studios and streaming businesses, will not qualify.\n\nAnnouncements of non-finalized arrangements — including, the currently announced Netflix agreement to acquire Warner Bros. Discovery’s studios and streaming businesses — will not qualify.\n\nIf no entity acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET, this market will resolve to \"None by June 30 2027\". \n\nResolution will be based on by a consensus of reporting.",
        "arbitration_model": "uma_oracle",
        "proposer": "managed_whitelist",
        "source": null,
        "source_status": "no_committed_source",
        "source_citation": null,
        "sources": null,
        "source_of_record": null,
        "source_mechanism": null,
        "source_type": null,
        "source_quality": null,
        "source_commitment": "uncommitted",
        "source_commitment_subtype": "uncommitted_placeholder",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "C",
        "score": 38,
        "caps": [
          "multi_source_no_conflict_rule",
          "commitment_uncommitted_placeholder"
        ],
        "applied_factors": 7
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      "last_price": 0,
      "implied_probability": 0,
      "price_as_of": null,
      "volume_24h_usd": 0,
      "volume_total_usd": 0,
      "settlement_style": "occurrence",
      "direction": "occurrence",
      "threshold": null,
      "question_id": "CMX-FFC0A31BF8",
      "also_on": null,
      "tags": [
        "acquirer",
        "company"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-74CJFTQ3D3",
      "event_id": "CM-EVT-CP17BTS9G2",
      "platform": "polymarket",
      "platform_market_id": "0xa94c07b658486499ff7da4ff422e2d5a7e0347dac07bb77e5073ca2dfbd2319e",
      "question": "Will Company B close Warner Bros acquisition?",
      "description": "This market will resolve according to the first entity that acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET. \n\nTransactions that involve only Warner Bros. Discovery's linear television networks, news channels, or other non-studio, non-streaming assets, without also transferring control of its studios and streaming businesses, will not qualify.\n\nAnnouncements of non-finalized arrangements — including, the currently announced Netflix agreement to acquire Warner Bros. Discovery’s studios and streaming businesses — will not qualify.\n\nIf n",
      "contract_type": "binary",
      "settlement_currency": "USDC",
      "underlying_reference": "Company B: Whichever named entity first completes acquisition of the referenced company's studios and streaming businesses resolves the outcome, verified by UMA Optimistic Oracle, by June 30, 2027, 11:59 PM ET.",
      "close_at": null,
      "resolve_at": null,
      "status": "closed",
      "resolution": {
        "rules_raw": "This market will resolve according to the first entity that acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET. \n\nTransactions that involve only Warner Bros. Discovery's linear television networks, news channels, or other non-studio, non-streaming assets, without also transferring control of its studios and streaming businesses, will not qualify.\n\nAnnouncements of non-finalized arrangements — including, the currently announced Netflix agreement to acquire Warner Bros. Discovery’s studios and streaming businesses — will not qualify.\n\nIf no entity acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET, this market will resolve to \"None by June 30 2027\". \n\nResolution will be based on by a consensus of reporting.",
        "arbitration_model": "uma_oracle",
        "proposer": "managed_whitelist",
        "source": null,
        "source_status": "no_committed_source",
        "source_citation": null,
        "sources": null,
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        "source_quality": null,
        "source_commitment": "uncommitted",
        "source_commitment_subtype": "uncommitted_placeholder",
        "source_hedge_text": null
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      "rcg": {
        "grade": "C",
        "score": 38,
        "caps": [
          "multi_source_no_conflict_rule",
          "commitment_uncommitted_placeholder"
        ],
        "applied_factors": 7
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      "last_price": 0,
      "implied_probability": 0,
      "price_as_of": null,
      "volume_24h_usd": 0,
      "volume_total_usd": 0,
      "settlement_style": "occurrence",
      "direction": "occurrence",
      "threshold": null,
      "question_id": "CMX-FFC0A31BF8",
      "also_on": null,
      "tags": [
        "acquirer",
        "company"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-KHMPGB9QL5",
      "event_id": "CM-EVT-CP17BTS9G2",
      "platform": "polymarket",
      "platform_market_id": "0x272343432d246e6abb974b6fe0c60e39449cf7fd0884c991fbf629d6a10f96b7",
      "question": "Will Company C close Warner Bros acquisition?",
      "description": "This market will resolve according to the first entity that acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET. \n\nTransactions that involve only Warner Bros. Discovery's linear television networks, news channels, or other non-studio, non-streaming assets, without also transferring control of its studios and streaming businesses, will not qualify.\n\nAnnouncements of non-finalized arrangements — including, the currently announced Netflix agreement to acquire Warner Bros. Discovery’s studios and streaming businesses — will not qualify.\n\nIf n",
      "contract_type": "binary",
      "settlement_currency": "USDC",
      "underlying_reference": "Company C: Whichever named entity first completes acquisition of the referenced company's studios and streaming businesses resolves the outcome, verified by UMA Optimistic Oracle, by June 30, 2027, 11:59 PM ET.",
      "close_at": null,
      "resolve_at": null,
      "status": "closed",
      "resolution": {
        "rules_raw": "This market will resolve according to the first entity that acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET. \n\nTransactions that involve only Warner Bros. Discovery's linear television networks, news channels, or other non-studio, non-streaming assets, without also transferring control of its studios and streaming businesses, will not qualify.\n\nAnnouncements of non-finalized arrangements — including, the currently announced Netflix agreement to acquire Warner Bros. Discovery’s studios and streaming businesses — will not qualify.\n\nIf no entity acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET, this market will resolve to \"None by June 30 2027\". \n\nResolution will be based on by a consensus of reporting.",
        "arbitration_model": "uma_oracle",
        "proposer": "managed_whitelist",
        "source": null,
        "source_status": "no_committed_source",
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        "sources": null,
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        "source_quality": null,
        "source_commitment": "uncommitted",
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        "source_hedge_text": null
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      "rcg": {
        "grade": "C",
        "score": 38,
        "caps": [
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        "applied_factors": 7
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      "price_as_of": null,
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      "settlement_style": "occurrence",
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      "threshold": null,
      "question_id": "CMX-FFC0A31BF8",
      "also_on": null,
      "tags": [
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        "company"
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      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-V984C3N270",
      "event_id": "CM-EVT-CP17BTS9G2",
      "platform": "polymarket",
      "platform_market_id": "0x966ba8ec4900a53b0aad868df4724715577ad03b948244c923659a341ce19460",
      "question": "Will Company D close Warner Bros acquisition?",
      "description": "This market will resolve according to the first entity that acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET. \n\nTransactions that involve only Warner Bros. Discovery's linear television networks, news channels, or other non-studio, non-streaming assets, without also transferring control of its studios and streaming businesses, will not qualify.\n\nAnnouncements of non-finalized arrangements — including, the currently announced Netflix agreement to acquire Warner Bros. Discovery’s studios and streaming businesses — will not qualify.\n\nIf n",
      "contract_type": "binary",
      "settlement_currency": "USDC",
      "underlying_reference": "Company D: Whichever named entity first completes acquisition of the referenced company's studios and streaming businesses resolves the outcome, verified by UMA Optimistic Oracle, by June 30, 2027, 11:59 PM ET.",
      "close_at": null,
      "resolve_at": null,
      "status": "closed",
      "resolution": {
        "rules_raw": "This market will resolve according to the first entity that acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET. \n\nTransactions that involve only Warner Bros. Discovery's linear television networks, news channels, or other non-studio, non-streaming assets, without also transferring control of its studios and streaming businesses, will not qualify.\n\nAnnouncements of non-finalized arrangements — including, the currently announced Netflix agreement to acquire Warner Bros. Discovery’s studios and streaming businesses — will not qualify.\n\nIf no entity acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET, this market will resolve to \"None by June 30 2027\". \n\nResolution will be based on by a consensus of reporting.",
        "arbitration_model": "uma_oracle",
        "proposer": "managed_whitelist",
        "source": null,
        "source_status": "no_committed_source",
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        "source_commitment": "uncommitted",
        "source_commitment_subtype": "uncommitted_placeholder",
        "source_hedge_text": null
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      "rcg": {
        "grade": "C",
        "score": 38,
        "caps": [
          "multi_source_no_conflict_rule",
          "commitment_uncommitted_placeholder"
        ],
        "applied_factors": 7
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      "last_price": 0,
      "implied_probability": 0,
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      "volume_24h_usd": 0,
      "volume_total_usd": 0,
      "settlement_style": "occurrence",
      "direction": "occurrence",
      "threshold": null,
      "question_id": "CMX-FFC0A31BF8",
      "also_on": null,
      "tags": [
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    },
    {
      "market_id": "CM-MKT-KW43CG8BJ0",
      "event_id": "CM-EVT-CP17BTS9G2",
      "platform": "polymarket",
      "platform_market_id": "0x8234e67cc865af5baf3776b87b8430e0704fd10beb8161437a47b84845ea1436",
      "question": "Will Company E close Warner Bros acquisition?",
      "description": "This market will resolve according to the first entity that acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET. \n\nTransactions that involve only Warner Bros. Discovery's linear television networks, news channels, or other non-studio, non-streaming assets, without also transferring control of its studios and streaming businesses, will not qualify.\n\nAnnouncements of non-finalized arrangements — including, the currently announced Netflix agreement to acquire Warner Bros. Discovery’s studios and streaming businesses — will not qualify.\n\nIf n",
      "contract_type": "binary",
      "settlement_currency": "USDC",
      "underlying_reference": "Company E: Whichever named entity first completes acquisition of the referenced company's studios and streaming businesses resolves the outcome, verified by UMA Optimistic Oracle, by June 30, 2027, 11:59 PM ET.",
      "close_at": null,
      "resolve_at": null,
      "status": "closed",
      "resolution": {
        "rules_raw": "This market will resolve according to the first entity that acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET. \n\nTransactions that involve only Warner Bros. Discovery's linear television networks, news channels, or other non-studio, non-streaming assets, without also transferring control of its studios and streaming businesses, will not qualify.\n\nAnnouncements of non-finalized arrangements — including, the currently announced Netflix agreement to acquire Warner Bros. Discovery’s studios and streaming businesses — will not qualify.\n\nIf no entity acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET, this market will resolve to \"None by June 30 2027\". \n\nResolution will be based on by a consensus of reporting.",
        "arbitration_model": "uma_oracle",
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