Will Unai Emery be appointed as manager of Real Madrid?

This illiquid market shows extreme volatility (1074% realized vol) with a massive 63¢ bid-ask spread and zero 24-hour volume, making the 38¢ price potentially unreliable despite the 230% implied yield on "Yes." The sharp 7-point decline over a week combined with a high vol ratio of 8.20 and rapid info arrival rate (3.5/h) suggests active repricing, though the $36.5k open interest and neutral regime indicate genuine uncertainty rather than directional conviction about Emery's appointment prospects.

Resolution rules

This market will resolve according to the person who is appointed as the next permanent manager of Real Madrid. If no permanent manager is appointed by December 31, 2026, 11:59 PM ET, the market will resolve to "Other." Appointments of 'interim,' 'caretaker,' or other non-permanent managers will not impact this market's resolution. An announcement of a new permanent manager's appointment before this market's close date will immediately resolve this market to the corresponding option, regardless of when the announced appointment goes into effect. The primary resolution source for this market will be official information from Real Madrid; however, a consensus of credible reporting will also be used.

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Regime

Trade