Will None's takeover of Warner Brothers succeed Before July 2027?
2 platforms$778.0K volumePart of Who will successfully take over Warner Brothers? – Before July 2027
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Best cross-venue arbitrage
Fee-adjusted Yes on one venue and No on another for Will None's takeover of Warner Brothers succeed Before July 2027?. Indigo rings on the prices above mark those asks. Assume equivalent resolution.
Fees
For the cross-venue prices shown above — same venue, same schedule for each outcome.
From each venue's own fee data or published rules (Polymarket: fee schedule on the market; Kalshi: official taker formula). The simple percent is a shorthand—actual dollars still depend on price and size. Hover a venue for full wording.
- Kalshi
- 7%
- Polymarket
- No trading fee
Contract Rules
Compare the exchange-specific contract text behind the prices above.
Description
If qualifying public announcements indicate None's takeover of Warner Brothers has succeeded Before July 2027, then the market resolves to Yes.
Resolution Criteria
A takeover "succeeds" when BOTH of the following are publicly announced: (a) Corporate Approval—shareholders approved the acquisition OR the acquirer acquired controlling interest (>50% of voting shares); AND (b) Conditions Satisfaction—all material conditions including regulatory approvals have been satisfied or waived. Press releases, SEC filings (8-K, Schedule TO amendments), and official company announcements qualify. Letters of intent, agreements in principle, or conditional announcements do not satisfy the criteria. If one acquirer's takeover succeeds, all other acquirer markets immediately resolve to No. Resolution is based on the announcements, not the ultimate transaction outcome—if both criteria are announced but the deal later fails, the market still resolves to Yes. The "None" option resolves to Yes only if no takeover (not merely no takeover by the listed potential acquirers) succeeds by the deadline.
Description
This market will resolve according to the first entity that acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET. Transactions that involve only Warner Bros. Discovery's linear television networks, news channels, or other non-studio, non-streaming assets, without also transferring control of its studios and streaming businesses, will not qualify. Announcements of non-finalized arrangements — including, the currently announced Netflix agreement to acquire Warner Bros. Discovery’s studios and streaming businesses — will not qualify. If no entity acquires control of Warner Bros. Discovery's studios and streaming businesses by June 30, 2027, 11:59 PM ET, this market will resolve to "None by June 30 2027". Resolution will be based on by a consensus of reporting.
