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It's what everybody is talking about these days....the price of eggs.
You can now bet on the price of a dozen eggs by month's end.
Most of the betting market has the price of eggs at $5.25 to above $6.00 (the latter having a quarter of the backing).
Polymarket has set the following rules for how this betting market for the price of a dozen eggs will be resolved:
This market will resolve to the bracket within which the price for "Eggs, Grade A, Large (Cost per Dozen) in U.S. City Average" lies when the February data point is published by the St. Louis Fed (https://fred.stlouisfed.org/series/APU0000708111).
The St. Louis Fed bases its numbers for egg prices on the BLS's CPI release. The February release is presently scheduled for March 12, 2025. Resolution of this market will take place upon the update of the St. Louis Fed's chart.
The resolution source for this market measures prices to the third decimal place. Thus, this is the level of precision that will be used when resolving the market.
If the reported value falls exactly between two brackets, then this market will resolve to the higher range bracket.
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