Yes65%
No35%
Sep 2Sep 9Sep 16Sep 24Oct 2
100%75%50%25%0%

The California Air Resources Board (CARB) publishes the deciding value in its Summary of Auction Settlement Prices and Results, part of the Joint Auction Summary Results Report, and the value used is the Current Auction Settlement Price in US dollars in the row for CARB Joint Auction #49. The Advance Auction Settlement Price, any Allowance Price Containment Reserve sale price, and any secondary-market price are not considered, and if the Current Auction Settlement Price equals the Auction Reserve Price, the reported price is still used. The outcome is Yes if that price is above the value specified in the market question and No otherwise. If the auction is postponed or rescheduled, the rescheduled auction is used, and if it is cancelled or renumbered, the outcome is handled under the exchange's event review process (Rule 415). The outcome is not determined early and becomes final at 2:00 PM CT five business days after the auction, when CARB generally publishes the report. If CARB delays the report, resolution waits until it is published.
California's cap-and-trade program sells greenhouse gas emission allowances at regular joint auctions, and each auction produces a settlement price for the allowances sold. The measure is the settlement price, in US dollars per allowance, of the current auction in Joint Auction #49, held on November 18, 2026.

The California Air Resources Board (CARB) publishes the deciding value in its Summary of Auction Settlement Prices and Results, part of the Joint Auction Summary Results Report, and the value used is the Current Auction Settlement Price in US dollars in the row for CARB Joint Auction #49. The Advance Auction Settlement Price, any Allowance Price Containment Reserve sale price, and any secondary-market price are not considered, and if the Current Auction Settlement Price equals the Auction Reserve Price, the reported price is still used. The outcome is Yes if that price is above the value specified in the market question and No otherwise. If the auction is postponed or rescheduled, the rescheduled auction is used, and if it is cancelled or renumbered, the outcome is handled under the exchange's event review process (Rule 415). The outcome is not determined early and becomes final at 2:00 PM CT five business days after the auction, when CARB generally publishes the report. If CARB delays the report, resolution waits until it is published.
California's cap-and-trade program sells greenhouse gas emission allowances at regular joint auctions, and each auction produces a settlement price for the allowances sold. The measure is the settlement price, in US dollars per allowance, of the current auction in Joint Auction #49, held on November 18, 2026.