Monday, Apr 20, 2009
Intrade has listed a market on the possibility of President Obama visiting Cuba, Iran, Syria or North Korea before the ned of his first term in office.
This market can be found under Current Events -- White House.
A contract will settle (expire) at 100 ($10.00) if President Obama visits the country specified in the contract before the end of his first term in office.
A contract will settle (expire) at 0 ($0.00) if President Obama does not visit the country specified in the contract before the end of his first term in office.
Expiry will be based on any visit the President makes to the listed country (scheduled or otherwise), as reported by three independent and reliable media sources.
If travelling by air then the contract will be expired once Air Force One (or any other airborne vehicle the President is travelling on) lands in the country.
If travelling by land the contract will be expired once the President's motorcade crosses the border into the country.
If travelling by sea the contract will be expired when the President vessel first docks in the country.
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 email@example.com if you have any questions regarding this contract before you place a trade.