Will Magnus Carlsen or Ian Nepomniachtchi win in their FTX Crypto Cup preliminary match?

What is this market about?

This is a market on who will win in the FTX Crypto Cup preliminary match-up between Magnus Carlsen and Ian Nepomniachtchi, scheduled to take place on May 23, 2021 at 12:00 PM ET. The market will resolve to “Carlsen” if Magnus Carlsen wins, or “Nepomniachtchi” if Ian Nepomniachtchi wins. If the preliminary match is a draw, the market will resolve to 50 cents Carlsen and 50 cents Nepomniachtchi. If the preliminary match is postponed to a day on or before May 31, 2021, the same market conditions will apply. If the preliminary match is postponed to a day after May 31, 2021, or is canceled altogether, the market will resolve to 50 cents Carlsen and 50 cents Nepomniachtchi. In the event of ambiguity in terms of the market outcome, the market will be resolved at the sole discretion of the Markets Integrity Committee (MIC).