2009 Indian General Election
Monday, Feb 25, 2008
The Exchange has listed two groups of contracts for the next Indian general election, scheduled for 2009. These contracts can be found under Politics -- Indian Politics.
We have contracts listed for the party that is the head of the Indian government after the election. The rules for these contracts are as follows:
A contract will settle (expire) at 100 ($10.00) if the party listed in the contract is the head of the Indian Government after the 2009 general election.
A contract will settle (expire) at 0 ($0.00) if the party listed in the contract is NOT the head of the Indian Government after the 2009 general election.
To be considered "head of the Indian Government" a party must have been invited to form the government, either alone or as the largest partner in a coalition, and survived the vote of confidence.
All contracts will remain open until a vote of confidence has been accepted and a government officially installed.
Expiry will be based on official announcements from the Indian Parliament, as reported in three independent and reliable media sources.
Due to the nature of this contract please also see Contract Rule 1.7 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.
We also have contracts open for who will become the Prime Minister of India after the 2009 general election. The rules for these contracts are as follows:
This contract will settle (expire) at 100 ($10.00) if the individual listed in the contract is the Indian Prime Minister after the 2009 general election.
The contract will settle (expire) at 0 ($0.00) if the individual listed in the contract is NOT the Indian Prime Minister after the 2009 general election.
The contracts will be expired once a vote of confidence after the election has been won. Any challenges (legal or otherwise) that are made after the vote of confidence has been won will not affect the original expiry.
Expiry will be based on official announcements from the Indian Parliament, as reported in three independent and reliable media sources.
Due to the nature of this contract please also see Contract Rule 1.7 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.