Wednesday, May 18, 2011
Intrade has opened a market for the outcome of a referendum on Scottish independence. This market can be found under Politics > UK Politics.
This contract will settle (expire) at 100 ($10.00) if Scotland votes YES to independence in a referendum before the time and date specified in the contract.
The contract will settle (expire) at 0 ($0.00) if Scotland votes NO to independence in a referendum before the time and date specified in the contract.
Expiry will be based on the official outcome of any referendum held on Scottish independence, as reported by three independent and reliable media sources.
This market applies only to the outcome of a referendum. If no referendum is held before the time and date specified in the contract the contract will be settled at 0 ($0.00).
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.