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Sports·Basketball

Illinois Fighting Illini vs. Iowa Hawkeyes

icon for Illinois Fighting Illini vs. Iowa Hawkeyes
Sports·Basketball

Illinois Fighting Illini vs. Iowa Hawkeyes

Ended: Mar 28

Ended: Mar 28

$10,795,709 Vol.

Mar 28, 2026
Polymarket

$10,795,709 Vol.

Polymarket

Illinois Fighting Illini vs. Iowa Hawkeyes

$9,599,690 Vol.

Illinois Fighting Illini

Spread -3.5

$2,234 Vol.

Illinois Fighting Illini

Spread -7.5

$328,802 Vol.

Illinois Fighting Illini

Spread -1.5

$152 Vol.

Illinois Fighting Illini

Spread -2.5

$2,044 Vol.

Illinois Fighting Illini

Spread -4.5

$2,323 Vol.

Illinois Fighting Illini

Spread -5.5

$908 Vol.

Illinois Fighting Illini

Spread -6.5

$523,905 Vol.

Illinois Fighting Illini

Spread -8.5

$32 Vol.

Illinois Fighting Illini

O/U 131.5

$1,937 Vol.

Under

O/U 139.5

$24,306 Vol.

Under

O/U 135.5

$1,030 Vol.

Under

O/U 136.5

$1,130 Vol.

Under

O/U 137.5

$201,934 Vol.

Under

O/U 132.5

$416 Vol.

Under

O/U 140.5

$1,765 Vol.

Under

O/U 141.5

$2,402 Vol.

Under

O/U 134.5

$2,390 Vol.

Under

O/U 130.5

$386 Vol.

Under

O/U 138.5

$95,529 Vol.

Under

O/U 133.5

$2,394 Vol.

Under

In the upcoming CBB game, scheduled for March 28 at 6:09 PM ET: If the Illinois Fighting Illini win, the market will resolve to "Illinois Fighting Illini". If the Iowa Hawkeyes win, the market will resolve to "Iowa Hawkeyes". If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50. The result will be determined based on the final score including any overtime periods.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Illinois Fighting Illini" if the Illinois Fighting Illini win the game by 4 or more points. Otherwise, this market will resolve to "Iowa Hawkeyes". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the upcoming CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Illinois Fighting Illini" if the Illinois Fighting Illini win the game by 8 or more points. Otherwise, this market will resolve to "Iowa Hawkeyes". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Illinois Fighting Illini" if the Illinois Fighting Illini win the game by 2 or more points. Otherwise, this market will resolve to "Iowa Hawkeyes". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Illinois Fighting Illini" if the Illinois Fighting Illini win the game by 3 or more points. Otherwise, this market will resolve to "Iowa Hawkeyes". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Illinois Fighting Illini" if the Illinois Fighting Illini win the game by 5 or more points. Otherwise, this market will resolve to "Iowa Hawkeyes". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Illinois Fighting Illini" if the Illinois Fighting Illini win the game by 6 or more points. Otherwise, this market will resolve to "Iowa Hawkeyes". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the upcoming CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Illinois Fighting Illini" if the Illinois Fighting Illini win the game by 7 or more points. Otherwise, this market will resolve to "Iowa Hawkeyes". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Illinois Fighting Illini" if the Illinois Fighting Illini win the game by 9 or more points. Otherwise, this market will resolve to "Iowa Hawkeyes". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Over" if the Illinois Fighting Illini and Iowa Hawkeyes combine to score 132 or more points in this game. If the combined total is less than 132, this market will resolve to "Under". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the upcoming CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Over" if the Illinois Fighting Illini and Iowa Hawkeyes combine to score 140 or more points in this game. If the combined total is less than 140, this market will resolve to "Under". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Over" if the Illinois Fighting Illini and Iowa Hawkeyes combine to score 136 or more points in this game. If the combined total is less than 136, this market will resolve to "Under". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Over" if the Illinois Fighting Illini and Iowa Hawkeyes combine to score 137 or more points in this game. If the combined total is less than 137, this market will resolve to "Under". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the upcoming CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Over" if the Illinois Fighting Illini and Iowa Hawkeyes combine to score 138 or more points in this game. If the combined total is less than 138, this market will resolve to "Under". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Over" if the Illinois Fighting Illini and Iowa Hawkeyes combine to score 133 or more points in this game. If the combined total is less than 133, this market will resolve to "Under". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Over" if the Illinois Fighting Illini and Iowa Hawkeyes combine to score 141 or more points in this game. If the combined total is less than 141, this market will resolve to "Under". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Over" if the Illinois Fighting Illini and Iowa Hawkeyes combine to score 142 or more points in this game. If the combined total is less than 142, this market will resolve to "Under". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Over" if the Illinois Fighting Illini and Iowa Hawkeyes combine to score 135 or more points in this game. If the combined total is less than 135, this market will resolve to "Under". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Over" if the Illinois Fighting Illini and Iowa Hawkeyes combine to score 131 or more points in this game. If the combined total is less than 131, this market will resolve to "Under". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the upcoming CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Over" if the Illinois Fighting Illini and Iowa Hawkeyes combine to score 139 or more points in this game. If the combined total is less than 139, this market will resolve to "Under". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Over" if the Illinois Fighting Illini and Iowa Hawkeyes combine to score 134 or more points in this game. If the combined total is less than 134, this market will resolve to "Under". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.No. 3 seed Illinois entered the Elite Eight matchup against Big Ten rival No. 9 seed Iowa as the trader-favored side in this South Regional showdown at Houston's Toyota Center, buoyed by superior seeding, dominant frontcourt play from freshman standout Keaton Wagler, and a lopsided 10-1 head-to-head edge over the past 11 meetings, capped by a 75-69 regular-season victory. Iowa's Cinderella tournament run featured a gritty Sweet 16 upset over Nebraska, powered by point guard Bennett Stirtz and versatile wings like Kael Combs and Cooper Koch, but lacked the size to counter Illinois' interior advantages. No major injury updates disrupted rotations in the final 24 hours, with both squads at full strength amid neutral-site conditions and high March Madness stakes for a Final Four berth.

In the upcoming CBB game, scheduled for March 28 at 6:09 PM ET:

If the Illinois Fighting Illini win, the market will resolve to "Illinois Fighting Illini".

If the Iowa Hawkeyes win, the market will resolve to "Iowa Hawkeyes".

If the game is postponed, this market will remain open until the game has been completed.

If the game is canceled entirely, with no make-up game, this market will resolve 50-50.

The result will be determined based on the final score including any overtime periods.
Volume
$10,795,709
End Date
Mar 28, 2026
Market Opened
Mar 27, 2026, 1:00 AM ET

Resolution Source

https://www.ncaa.com/

Resolver

0x65070BE91...
In the upcoming CBB game, scheduled for March 28 at 6:09 PM ET: If the Illinois Fighting Illini win, the market will resolve to "Illinois Fighting Illini". If the Iowa Hawkeyes win, the market will resolve to "Iowa Hawkeyes". If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50. The result will be determined based on the final score including any overtime periods.

Outcome proposed: Illinois Fighting Illini

No dispute

Final outcome: Illinois Fighting Illini

In the upcoming CBB game, scheduled for March 28 at 6:09 PM ET: If the Illinois Fighting Illini win, the market will resolve to "Illinois Fighting Illini". If the Iowa Hawkeyes win, the market will resolve to "Iowa Hawkeyes". If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50. The result will be determined based on the final score including any overtime periods.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Illinois Fighting Illini" if the Illinois Fighting Illini win the game by 4 or more points. Otherwise, this market will resolve to "Iowa Hawkeyes". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the upcoming CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Illinois Fighting Illini" if the Illinois Fighting Illini win the game by 8 or more points. Otherwise, this market will resolve to "Iowa Hawkeyes". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Illinois Fighting Illini" if the Illinois Fighting Illini win the game by 2 or more points. Otherwise, this market will resolve to "Iowa Hawkeyes". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Illinois Fighting Illini" if the Illinois Fighting Illini win the game by 3 or more points. Otherwise, this market will resolve to "Iowa Hawkeyes". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Illinois Fighting Illini" if the Illinois Fighting Illini win the game by 5 or more points. Otherwise, this market will resolve to "Iowa Hawkeyes". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Illinois Fighting Illini" if the Illinois Fighting Illini win the game by 6 or more points. Otherwise, this market will resolve to "Iowa Hawkeyes". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the upcoming CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Illinois Fighting Illini" if the Illinois Fighting Illini win the game by 7 or more points. Otherwise, this market will resolve to "Iowa Hawkeyes". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Illinois Fighting Illini" if the Illinois Fighting Illini win the game by 9 or more points. Otherwise, this market will resolve to "Iowa Hawkeyes". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Over" if the Illinois Fighting Illini and Iowa Hawkeyes combine to score 132 or more points in this game. If the combined total is less than 132, this market will resolve to "Under". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the upcoming CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Over" if the Illinois Fighting Illini and Iowa Hawkeyes combine to score 140 or more points in this game. If the combined total is less than 140, this market will resolve to "Under". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Over" if the Illinois Fighting Illini and Iowa Hawkeyes combine to score 136 or more points in this game. If the combined total is less than 136, this market will resolve to "Under". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Over" if the Illinois Fighting Illini and Iowa Hawkeyes combine to score 137 or more points in this game. If the combined total is less than 137, this market will resolve to "Under". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the upcoming CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Over" if the Illinois Fighting Illini and Iowa Hawkeyes combine to score 138 or more points in this game. If the combined total is less than 138, this market will resolve to "Under". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Over" if the Illinois Fighting Illini and Iowa Hawkeyes combine to score 133 or more points in this game. If the combined total is less than 133, this market will resolve to "Under". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Over" if the Illinois Fighting Illini and Iowa Hawkeyes combine to score 141 or more points in this game. If the combined total is less than 141, this market will resolve to "Under". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Over" if the Illinois Fighting Illini and Iowa Hawkeyes combine to score 142 or more points in this game. If the combined total is less than 142, this market will resolve to "Under". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Over" if the Illinois Fighting Illini and Iowa Hawkeyes combine to score 135 or more points in this game. If the combined total is less than 135, this market will resolve to "Under". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Over" if the Illinois Fighting Illini and Iowa Hawkeyes combine to score 131 or more points in this game. If the combined total is less than 131, this market will resolve to "Under". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the upcoming CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Over" if the Illinois Fighting Illini and Iowa Hawkeyes combine to score 139 or more points in this game. If the combined total is less than 139, this market will resolve to "Under". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.In the CBB game, scheduled for March 28 at 6:09 PM ET: This market will resolve to "Over" if the Illinois Fighting Illini and Iowa Hawkeyes combine to score 134 or more points in this game. If the combined total is less than 134, this market will resolve to "Under". The result will be determined based on the final score including any overtime periods. If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50.No. 3 seed Illinois entered the Elite Eight matchup against Big Ten rival No. 9 seed Iowa as the trader-favored side in this South Regional showdown at Houston's Toyota Center, buoyed by superior seeding, dominant frontcourt play from freshman standout Keaton Wagler, and a lopsided 10-1 head-to-head edge over the past 11 meetings, capped by a 75-69 regular-season victory. Iowa's Cinderella tournament run featured a gritty Sweet 16 upset over Nebraska, powered by point guard Bennett Stirtz and versatile wings like Kael Combs and Cooper Koch, but lacked the size to counter Illinois' interior advantages. No major injury updates disrupted rotations in the final 24 hours, with both squads at full strength amid neutral-site conditions and high March Madness stakes for a Final Four berth.

In the upcoming CBB game, scheduled for March 28 at 6:09 PM ET:

If the Illinois Fighting Illini win, the market will resolve to "Illinois Fighting Illini".

If the Iowa Hawkeyes win, the market will resolve to "Iowa Hawkeyes".

If the game is postponed, this market will remain open until the game has been completed.

If the game is canceled entirely, with no make-up game, this market will resolve 50-50.

The result will be determined based on the final score including any overtime periods.
Volume
$10,795,709
End Date
Mar 28, 2026
Market Opened
Mar 27, 2026, 1:00 AM ET

Resolution Source

https://www.ncaa.com/

Resolver

0x65070BE91...
In the upcoming CBB game, scheduled for March 28 at 6:09 PM ET: If the Illinois Fighting Illini win, the market will resolve to "Illinois Fighting Illini". If the Iowa Hawkeyes win, the market will resolve to "Iowa Hawkeyes". If the game is postponed, this market will remain open until the game has been completed. If the game is canceled entirely, with no make-up game, this market will resolve 50-50. The result will be determined based on the final score including any overtime periods.

Outcome proposed: Illinois Fighting Illini

No dispute

Final outcome: Illinois Fighting Illini

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Frequently Asked Questions

"Illinois Fighting Illini vs. Iowa Hawkeyes" is a prediction market on Polymarket with 21 possible outcomes where traders buy and sell shares based on what they believe will happen. The current leading outcome is "Illinois Fighting Illini vs. Iowa Hawkeyes" at 100%, followed by "Spread -3.5" at 100%. Prices reflect real-time crowd-sourced probabilities. For example, a share priced at 100¢ implies that the market collectively assigns a 100% chance to that outcome. These odds shift continuously as traders react to new developments and information. Shares in the correct outcome are redeemable for $1 each upon market resolution.

As of today, "Illinois Fighting Illini vs. Iowa Hawkeyes" has generated $10.8 million in total trading volume since the market launched on Mar 28, 2026. This level of trading activity reflects strong engagement from the Polymarket community and helps ensure that the current odds are informed by a deep pool of market participants. You can track live price movements and trade on any outcome directly on this page.

To trade on "Illinois Fighting Illini vs. Iowa Hawkeyes," browse the 21 available outcomes listed on this page. Each outcome displays a current price representing the market's implied probability. To take a position, select the outcome you believe is most likely, choose "Yes" to trade in favor of it or "No" to trade against it, enter your amount, and click "Trade." If your chosen outcome is correct when the market resolves, your "Yes" shares pay out $1 each. If it's incorrect, they pay out $0. You can also sell your shares at any time before resolution if you want to lock in a profit or cut a loss.

The current frontrunner for "Illinois Fighting Illini vs. Iowa Hawkeyes" is "Illinois Fighting Illini vs. Iowa Hawkeyes" at 100%, meaning the market assigns a 100% chance to that outcome. The next closest outcome is "Spread -3.5" at 100%. These odds update in real-time as traders buy and sell shares, so they reflect the latest collective view of what's most likely to happen. Check back frequently or bookmark this page to follow how the odds shift as new information emerges.

The resolution rules for "Illinois Fighting Illini vs. Iowa Hawkeyes" define exactly what needs to happen for each outcome to be declared a winner — including the official data sources used to determine the result. You can review the complete resolution criteria in the "Rules" section on this page above the comments. We recommend reading the rules carefully before trading, as they specify the precise conditions, edge cases, and sources that govern how this market is settled.