A market on a person should reflect what is already public about that person. The rules below define the floor (who is eligible), the ceiling (who is excluded), the process (how we review), and the exit (how a subject leaves). They are not suggestions. We will close a market that drifts outside them, and we will keep closed a market the rules tell us not to open.
1. Eligibility threshold.
A subject is eligible for listing when they meet at least one of four floors. They carry a verified following of 100,000 or more across major platforms, with the tally drawn from public APIs and disclosed in the prospectus. They hold a sitting public office at the national or sub-national level. They are the primary subject of repeated tier-1 press coverage in the past 12 months, where tier-1 is defined by a published list of outlets. They have a Wikipedia article that has cleared the platform's notability bar.
The threshold is a hard floor, not a guideline. A subject who clears one floor on a Tuesday is eligible. A subject who never clears any floor is not eligible. We review marginal cases at the listing committee with the prospectus in hand. We do not promote subjects above the floor on any other basis, including commercial relationships, partner status, or staff preference.
2. Categorical exclusions.
Civilians are out. If a subject's only public footprint is a single viral moment, a private dispute, or a tabloid cycle that resolves in days, they do not meet the spirit of the eligibility floor and we do not list them, regardless of follower count at the moment of measurement.
Minors are out. We do not list anyone under 18 at the time of listing, full stop. If a listed subject's age is contested, we suspend trading until verified.
Bodily and medical events are out. We do not list markets that resolve on a person's health, mortality, fertility, weight, addiction, mental state, or medical diagnosis. The product is a market on cultural and economic trajectory, not a death pool. Adjacent event contracts that touch a medical fact (a return-to-tour date, a retirement announcement) are reviewed individually and most are declined.
3. Review cadence.
New listings are reviewed weekly by the listing committee. Each candidate arrives with a prospectus: which floor they cleared, the supporting data, the proposed index methodology, the oracle providers, the proposed funding curve, and the seed market parameters. The committee approves, holds for revision, or declines. Held candidates can return; declined candidates can be re-proposed only with new material facts.
Methodology weights are republished monthly, with the diff and the rationale public. Material changes get 14 days of notice before they go into effect, which gives any position-holder time to read the change and adjust. We do not apply silent weight changes; if you find one, flag it and we will reverse it and publish the postmortem.
4. Subject delisting SLA.
A verified subject can request delisting at any time. Once verified, the request triggers a fixed sequence: the market closes within 48 hours, open positions settle at the last index print before closure, the page goes dark, and the page stays dark unless the subject asks us to open it again, in writing.
There is no fee. There is no review of the reason. There is no requirement to provide one. We treat the verified delisting request the same way an exchange treats a delisting under the issuer's rules: it is an instrument's right of exit, and the rest of us live with the consequences.
5. Index methodology.
Every listed person ships with a prospectus. The prospectus states the per-category weights (a musician's index leans on streams and chart positions; a politician's leans on polling and vote share; a creator's leans on watch time and retention), the oracle providers behind each upstream signal, the dispute mechanism for a contested reading, and the manipulation guards in force.
The price the market sees is the funding-anchored mark, which is a weighted blend of orderflow, internal event-market pricing, and the slow oracle. The blend weights are published. The funding curve is published. The mark is reproducible from the published inputs by anyone with a calculator and access to the same oracle feeds.
We treat methodology as the most important page on the venue. If you find a derivation we cannot reproduce, that is a defect; flag it and we will fix it.
6. Circuit breakers.
Some real-world events are not the kind of thing a continuous market should price in seconds. A confirmed death triggers an immediate halt and a structured settlement at the last index print before the news broke. A criminal indictment, depending on tier, triggers a defined cooling-off window during which the funding rate is suspended and the orderbook reopens at a fixed schedule. A public retirement triggers a 30-day glide path during which the market remains open but margin requirements step up to discourage thin-book gap moves.
The full schedule of circuit breakers, the trigger conditions, the duration, and the settlement procedure for each are published. A circuit breaker is the venue's admission that the market does not always know what to do; the procedure is what keeps the venue honest when the market does not.
7. Contact.
Listing proposals are submitted through the public propose flow. Pre-launch questions about the rules, the prospectus format, or the committee process go to listings@peoplemarkets.xyz. The binding listing rules document publishes alongside the venue's regulatory filings and is linked from this page at that point.