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President/Congress Combinations

Monday, Dec 5, 2011

Intrade has listed new markets for the combination of President/Congress after the 2012 elections (for example, a Republican President, a Democratic Senate and a Republican House of Representatives).

These markets can be found under Politics > 2012 US Elections > President-Congress Combination after 2012 Elections.

IMPORTANT: Please note that in the market rules (see below) there is a clause that departs from what we've had in the past. For this market: Any Senate or House seat held by an Independent who caucuses or votes with the Democrats will be considered a Democratic seat. The same rule applies to any Independent who caucuses or votes with the Republicans.

Market Specific Rules:

This market will settle at $10.00 if the specified combination of Republican/Democratic President and Republican/Democratic control of Senate and House of Representatives exists after the 2012 elections.

This market will settle at $0.00 if the specified combination of Republican/Democratic President and Republican/Democratic control of Senate and House of Representatives DOES NOT exist after the 2012 elections.

Settlement will be based on the official results of the 2012 presidential and congressional elections, as reported by three independent and reliable media sources.

A party will be considered in control of the Senate if they hold 51 (or more) Senate seats, or hold 50 Senate seats and have the Senate vote of the Vice President of the United States in his or her role as President of the Senate. A party will be considered in control of the House of Representatives if they hold 218 (or more) seats.

Any Senate or House seat held by an Independent who caucuses or votes with the Democrats will be considered a Democratic seat. The same rule applies to any Independent who caucuses or votes with the Republicans.

Because the possibility exists that the President may not be Democratic or Republican and that neither party will control the Senate or House of Representatives, these markets ARE NOT LINKED FOR MARGINING PURPOSES - you will be margined individually on each position and not across all positions held. The chances of anything like this are very small, but we still need to account for it.

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