Resolution Criteria

This market resolves to the NBA team that wins the 2025 NBA Draft Lottery and receives the #1 overall pick in the 2025 NBA Draft. The market will resolve N/A if the 2025 NBA Draft Lottery is canceled or significantly altered from its current format.

Background

The NBA Draft Lottery is an annual event that determines the order of selection for the first 14 picks of the NBA Draft. Teams that missed the playoffs in the previous season are eligible for the lottery, with worse records receiving better odds of winning the top pick.

The current lottery system gives the three teams with the worst records an equal 14% chance of winning the first pick, with decreasing odds for better-performing teams. The lottery uses a random drawing of ping-pong balls to determine the order.

As of the current NBA season, the Utah Jazz, Washington Wizards, and Charlotte Hornets have some of the worst records in the league, giving them higher odds of securing the top pick in the 2025 lottery. However, even teams with better records have a chance to win the lottery due to its random nature.

Note that additional teams may be added to this market as the 2024-25 NBA season progresses and lottery participants become clearer.