Will Export-control chip security become law this year?

• 01
  Price move

  Up 10pp over 24h

  Now 48¢; -9.5pp in the last hour.

• 02
  Active signal

  Resolution-risk observation firing

  Spread is wide enough that intraday moves overstate any tradeable edge.

• 03
  Spread cost

  Wide spread — 49.0¢

  Bid-ask spread is wide enough that intraday moves overstate any tradeable advantage. Most of the headline pp move would be eaten by spread on a market order.

Each factor is grounded in a single named metric you can verify on this page — probability, volume, liquidity, signal, resolution state. No predictions, no prose hallucinations.

This market will resolve to "Yes" if legislation that would require location-verification security mechanisms on certain advanced chips before export is passed by both chambers of the U.S. Congress and signed into law by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No". Qualifying legislation includes the H.R. 3447 (119th) — “Chip Security Act.” Qualifying legislation may include joint resolutions and must pass both the House and the Senate, and must be signed by the President, become law without signature while Congress remains in session, or become law through veto override. Presidential pocket vetoes that expire resolve to "No". The primary resolution sources for this market will be Congress.gov’s legislation tracker (https://www.congress.gov/bill/119th-congress/house-bill/22), the Library of Congress (congress.gov), and other official information from the government of the United States; however, a consensus of credible reporting may also be used.

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