The Prediction Market

Dublin, Ireland - 10/06/2008

Intrade The Prediction Market Ltd. has created a new Presidential Debate Bump market that allows real-time and objective market tracking of the candidates' debate performances.

Intrade’s Presidential Debate Bump market, similar to last week’s VP Debate Bump market, measures the change in market prices for Barack Obama and John McCain to win the presidency  in the hours following the debate. This market will settle at 100 if Barack Obama’s market price increases more than John McCain's, and at 0 otherwise. (See below for complete Contract Rules).

The market provides a uniquely objective real-money backed tool to assess in real-time the candidates' debate performances. This new market is accessible on the intrade.com homepage.

Last week's VP Debate Bump market settled at 0, as Sarah Palin, by exceeding expectations for her debate performance, helped her ticket more than Joe Biden did. 

Can McCain (34.0) continue to close the gap? He now trails Obama (65.6) by 31.6 points with 29 days to go until the election.

For more information about this and other Intrade markets email press@intrade.com or call +353 1 620 0300.

Contract Rules:

This contract will be settled according to which Presidential Candidate receives the largest increase in value following the Presidential Debate on Tuesday October 7th.
The pre-debate value will be calculated for 2008.PRES.OBAMA and 2008.PRES.McCAIN and then compared with the post-debate value for each of these contracts.
This contract will expire at 100 if the value of 2008.PRES.OBAMA increases more than the value of 2008.PRES.McCAIN. This contract will expire at 0 if this is not the case.
The pre-debate value of each candidate will be the volume weighted average price (VWAP) of all trades on 2008.PRES.OBAMA and 2008.PRES.McCAIN between 9:00am ET and 9:00pm ET on Tuesday October 7th (the twelves hours before the debate)
The post-debate value of each candidate will be the volume weighted average price (VWAP) of all trades on 2008.PRES.OBAMA and 2008.PRES.McCAIN between 9:00pm ET on Tuesday October 7th and 12:00pm ET on Wednedsay October 8th.
VWAP will be calculated to five decimal places and will not be rounded. 
If the debate is rescheduled at a later date then the expiry dates of this market will be extended accordingly. This market will remain valid and as is if either or both participants are replaced, if the debate format is significantly altered, or cancelled without being rescheduled.
Due to the nature of this contract please also see Contract Rule 1.7 Unforeseen Circumstances.
The Exchange reserves the right to invoke Contract Rule 1.8 (Time Protection) if deemed appropriate.
Any changes to the result after the contract has expired will not be taken into account - Exchange Rule 1.4
Please contact the exchange by emailing help@intrade.com if you have any questions regarding this contract before you place a trade.

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About Intrade

Intrade is The Prediction Market(TM) where members can buy and sell "shares" in financial, political, weather and other important events.
Our mission is to provide you with the most innovative and relevant trading opportunities and predictive information on uncertain future events.

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Intrade The Prediction Market Ltd.

10B Park West Business Park
Dublin 12, Ireland
Phone + (353) 1 6200-300
Fax + (353) 1 6200-396
E-mail press@intrade.com

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