If Recession is said by any The Goldman Sachs Group, Inc. representative (including the operator of the call) during the next The Goldman Sachs Group, Inc. earnings call (including the Q+A), then the market resolves to Yes.

Video of the The Goldman Sachs Group, Inc. earnings call will be primarily used to resolve the market; if a consensus by Kalshi employees cannot be reached using video, transcripts of the The Goldman Sachs Group, Inc. earnings call will be used according to the news publications listed in the contract. The exact phrase/word, or a plural or possessive form of the phrase/word, must be used. Grammatical/tense inflections are otherwise not included. Please see full rules for more details.

Series KXEARNINGSMENTIONGS-25OCT14 Event KXEARNINGSMENTIONGS-25OCT14 Market KXEARNINGSMENTIONGS-25OCT14-RECE