Tuesday, May 22, 2007
The Exchange has listed a contract on Michael Bloomberg (Mayor of New York) announcing his intention to seek the Presidency of the United States in 2008 as an independent candidate. This contract can be found under Politics -- 2008 US Election -- Michael Bloomberg to run as Independent.
This contract will settle (expire) at 100 ($10.00) if Michael Bloomberg (Mayor
of New York) announces his intention to run for President of the United States
in 2008 as an Independent candidate.
The contract will settle (expire) at
0 ($0.00) if he does not make such an announcement.
Expiry
will be based on official and public announcements made by Michael Bloomberg and
as reported in three independent and reliable media sources.
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.