If the voter turnout rate for 2025 New York City mayoral election in New York City is strictly above 37%, then the market resolves to Yes.

The turnout denominator is based on the U.S. Census Bureau's latest ACS 1-year voting-age population figure. As of Issuance, this figure is 6,818,220 and may be subject to revision by the Source Agency prior to this contract's expiration. <p>Voter turnout is calculated as the proportion of the total Voting Age Population who voted. The turnout rate is expressed as a percentage with one decimal place precision. If the election is postponed but held within one year of the originally scheduled date, the market remains valid for the rescheduled election. If postponed beyond one year, all markets resolve to No. The market resolves based on officially certified results from the appropriate election authority, regardless of ongoing appeals. The calculation uses the total votes cast divided by the voting age population as determined by census or statistical agencies.</p>

Series KXNYCTURNOUT-25NOV04 Event KXNYCTURNOUT-25NOV04 Market KXNYCTURNOUT-25NOV04-37