A recession will be declared if two consecutive quarters of negative GDP growth occur in 2023. The resolution criteria is based on the Bureau of Economic Analysis' definition. Markets will close at the earlier of the occurrence or a specific time after the release of the Advance Estimate of Q4 GDP, which serves as a proxy for the midpoint of 2023. Resolution times vary across platforms, with some markets closing immediately upon release and others waiting until a later time frame. The outcome is determined by the sooner of these two events occurring.