Will Luis Enrique be appointed as manager of Real Madrid?

This market shows extreme illiquidity with zero 24-hour volume despite a massive 44¢ spread and $55.3k open interest, suggesting trapped positions and difficulty executing trades at posted prices. The 472.4% implied yield on the "Yes" side is unusually high relative to the 23¢ price, indicating the market may be mispriced or reflecting genuine uncertainty about Enrique's appointment odds over the 259-day timeframe. With a Cliff Risk Index of 3 and neutral regime, this appears to be a speculative position rather than an actively traded market, warranting caution for new entrants given execution risk.

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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