Wednesday, Mar 5, 2008
The Exchange has listed contracts on the possibility of new Democratic primaries being held in Michigan or Florida. These contracts can be found under Politics -- Dem. Pres. Primaries -- Will Michigan or Florida hold new Primaries?
Contract Rules:
This contract will settle (expire) at 100 ($10.00) if the state named in the contract (Florida/Michigan) hold another (i.e second) primary before 11:59:59pm ET on the date specified in the contract.
The contract will settle (expire) at 0 ($0.00) if the state named in the contract (Florida/Michigan) DOES NOT hold another (i.e second) primary before 11:59:59pm ET on the date specified in the contract.
Expiry will be based on another primary actually taking place as reported in three independent and reliable media sources.
Important: If the state decides to hold a caucus instead of a second primary the contract will expire at 100.
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