Will a #1 seed lose in the Sweet 16?

This market will resolve to "Yes" if a #1 seed loses a game in the 2025 NCAA March Madness Sweet 16. Otherwise, this market will resolve to “No”. If for any reason the Sweet 16 has not been determined by May 31, 2025, 11:59 PM ET, this market will resolve to "No". The resolution source for this market will be official information from the NCAA.