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If legislation that limits the number of terms or years a person may serve as Israel's prime minister is enacted in Israel before Jan 1, 2028, then the market resolves to Yes. Enactment requires completion of all constitutional and legal requirements for the legislation to become binding law. Standard legislation requiring executive approval: final passage by all required legislative bodies, executive signature OR becoming law despite executive inaction OR successful veto override, and satisfaction of any required waiting periods Legislation not requiring executive approval: final passage and completion of required waiting periods Constitutional amendments: passage with required supermajorities and completion of ratification processes Executive orders: official signature, publication in official government records, and legal effectiveness The following do NOT constitute enactment: Legislative passage without completed executive action Passage by only some required bodies Provisional passage Non-binding resolutions Draft orders Enactment occurs when all requirements are completed, regardless of pending judicial challenges. For this market, a prime minister term limit means a law of Israel, including an amendment to Basic Law: The Government or to another Basic Law, that limits the number of terms or years a person may serve as Prime Minister of Israel, whether it counts consecutive or total service. It may contain other provisions, may include a cooling-off period, and may apply only to future prime ministers or take effect after a later election. A bill that has not passed the Knesset in its third reading, including one approved only in a preliminary or first reading or by a Knesset committee, a law that only bars a prime minister from serving while under indictment, and a law that limits tenure in another office do NOT count. Enactment is complete when the Knesset passes the law in its third reading and it is published in Reshumot, the Official Gazette; no further ratification is needed.

If legislation that limits the number of terms or years a person may serve as Israel's prime minister is enacted in Israel before Jan 1, 2028, then the market resolves to Yes. Enactment requires completion of all constitutional and legal requirements for the legislation to become binding law. Standard legislation requiring executive approval: final passage by all required legislative bodies, executive signature OR becoming law despite executive inaction OR successful veto override, and satisfaction of any required waiting periods Legislation not requiring executive approval: final passage and completion of required waiting periods Constitutional amendments: passage with required supermajorities and completion of ratification processes Executive orders: official signature, publication in official government records, and legal effectiveness The following do NOT constitute enactment: Legislative passage without completed executive action Passage by only some required bodies Provisional passage Non-binding resolutions Draft orders Enactment occurs when all requirements are completed, regardless of pending judicial challenges. For this market, a prime minister term limit means a law of Israel, including an amendment to Basic Law: The Government or to another Basic Law, that limits the number of terms or years a person may serve as Prime Minister of Israel, whether it counts consecutive or total service. It may contain other provisions, may include a cooling-off period, and may apply only to future prime ministers or take effect after a later election. A bill that has not passed the Knesset in its third reading, including one approved only in a preliminary or first reading or by a Knesset committee, a law that only bars a prime minister from serving while under indictment, and a law that limits tenure in another office do NOT count. Enactment is complete when the Knesset passes the law in its third reading and it is published in Reshumot, the Official Gazette; no further ratification is needed.

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Key stats

Expiry
Jan 1, 2028(412 days)
Interest
$1,914.02
Vol (24H)
$1,612.00↘ 6.77%
Total
$3.3K
Timeline & rules

Timeline & payout

This market will close and expire when an outcome occurs. Otherwise, it closes by Jan 1, 2028, 4:59 AM GMT+0.

Trading prohibitions

The following are prohibited from trading this contract:
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