Resolution criteria:

This market will resolve to "Yes" if, as of the market's closing date, the Invesco QQQ Trust (QQQ) has achieved a higher total return than the SPDR S&P 500 ETF Trust (SPY) for the year 2025. Total return includes both price appreciation and dividends reinvested using Yahoo Finance. If QQQ's total return is equal to or less than SPY's, the market will resolve to "No."