Friday, May 14, 2010
Intrade has opened a market for the winner of the next UK general election.
This market can be found under Politics > UK Politics.
A contract will settle (expire) at 100 ($10.00) if the party specified in the contract wins the next UK General Election.
The contract will settle (expire) at 0 ($0.00) if the party specified in the contract does not win the next UK General Election.
Expiry will be based on the official results of the election, as reported by three independent and reliable media sources.
The winner of the UK election will be the single party who is invited to form the government after the election, UNLESS a formal coalition is agreed between two or more parties to form the government. In this case the winner will be the coalition member who has won the most parliamentary seats in the election.
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 an order to trade.