Wednesday, Apr 18, 2007
The Exchange has listed contracts on which region of the world will play host to the 2016 Summer Olympic Games. These contracts can be found under Current Events -- Olympic Games.
A further group of contracts on which particular city will host the games will be listed in September when official applications close for potential hosts.
The contract rules are as follows:
A contract will settle (expire) at 100 ($10.00) if a venue located in the region specified in the contract is selected as host of the 2016 Olympic Games.
A contract will settle (expire) at 0 ($0.00) if the venue selected as host of the 2016 Olympic Games is not located in the region specified in the contract.
Expiry will be based on the official announcement of the host due to be made by the International Olympic Committee on 2nd October, 2009.
For expiry purposes India, Turkey and Middle Eastern countries (excluding those in Africa) will be considered part of Asia, and Ccentral American countries are considered part of South America.
Due to the nature of this contract please also see Contract Rule 1.9 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 help@intrade.com if you have any questions regarding this contract before you place a trade.