Thursday, Nov 11, 2010
Intrade has opened a market for who will be elected President of the United States in 2012. This market can be found under Politics > 2012 US Elections.
A contract will settle (expire) at 100 ($10.00) if the individual named in the contract is elected President of the United States in 2012.
The contract will settle (expire) at 0 ($0.00) if the individual named in the contract is NOT elected President of the United States in 2012.
Expiry will be based on the official outcome of the 2012 US Presidential election, as reported in three independent and reliable media sources.
This market is open for sensible suggestions. If you would like a name added to the market then please send us your suggestion to firstname.lastname@example.org.
The Exchange may leave contracts in this group open once a party nomination is official to guard against a change in nominee after the party conventions.
If the election is postponed until another date, the contract expiration date will be moved according.
If the final count is delayed the contracts will remain open until the result from the final count is officially declared.
In the event of the death of one of the candidates the following steps will be taken:
1. All contracts in the group will be paused and expired at the last closing price set for each contract
2. A new market will be listed for the remaining candidates
Any changes to the result after the contract has expired will not be taken into account - Contract Rule 1.4
Due to the nature of this prediction market contract you are obligated to read Contract Rule 1.7 (Unforeseen Circumstances) and Contract Rule 1.8 (Time Protection). Intrade may invoke these rules in its absolute discretion if deemed appropriate.
Please contact the exchange by emailing email@example.com if you have any questions regarding this contract or interpretation of these contract specific rules, related exchange news articles or exchange rules before you place an order to trade.