Friday, May 14, 2010
Intrade has opened a market for an outright majority to be secured in 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 named in the contract wins an overall majority of seats in the next UK general election.
The contract will settle (expire) at 0 ($0.00) if the party named in the contract does not win an overall majority of seats in the next UK general election.
If no party wins an overall majority (a 'hung parliament') the NONE contract will expire at 100 and all others at 0.
Expiry will be based on the official results of the next UK general election, as reported by three independent and reliable media sources.
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.