The bankroll across a reopening: accept `3ρ(2 + ρ)`, or tighten the rule.

queued · open · DECISIONS.md line 289

**The bankroll across a reopening: accept 3ρ(2 + ρ), or tighten the rule.** Under rebuttal by settlement the proved bankroll across one reopening is 3ρ(2 + ρ) (WarrantEntitlement.netWorth_ge_neg_odds_reopened); the dispatch's 3ρ is refuted by an exact exhibit (projects/normativity/rounds/2026-10-21-rebuttal-and-end-to-end/src/exhibit.py::cushion_exhibit, 24 > 12): a counterparty's gains on the rebutted row cushion its later selling, because the trading firm's floor is on cumulative worth at live worlds. A settlement-time accounting of the reopened mass would restore 3ρ at the cost of charging a counterparty at the rebuttal (item 123). Turns on: whether the market should charge a trader for having bet against a conclusion that was later refuted — taste about what rebuttal settles for whom, which the mathematics only prices.

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