Tuesday, Mar 2, 2010
The Big 10 Conference is currently considering expanding beyond it's current eleven members. Intrade has listed a market is for which college (or colleges) will be invited to join the Big 10 before the end of 2010.
This market can be found under Current Events > Big 10 Expansion.
A contract will settle (expire) at 100 ($10.00) if the college named in the contract is invited to join the Big 10 Conference.
A contract will settle (expire) at 0 ($0.00) if the college named in the contract is not invited to join the Big 10 Conference.
Expiry will be based official announcements from the Big 10 Conference, as reported by three independent and reliable media sources. Expiry will be made once an invitation has been officially announced. If no invitation is announced the market will be expired at midnight ET on 31 Dec 2010.
If more than one college is invited to join the Big 10 the contracts for each invited college will expire at 100. If there is no college invited then the NONE contract will expire at 100 and all others at 0.
Because of the uncertaintly regarding the number of colleges that could be invited to join the Big 10 this market cannot be linked for margining purposes. You will be margined individually on all positions - long and short.
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 or uncertainty regarding this contract or interpretation of these contract specific rules, related exchange news articles or Exchange Rules before you place a trade.