Monday, Mar 17, 2008
The Exchange has listed contracts on an official announcement of a boycott of the 2008 Olympic Games in Beijing by the United States or any member of the European Union. These contracts can be found under Current Events -- Olympic Games.
Contract Rules:
A contract will settle (expire) at 100 ($10.00) if there is an official boycott of the 2008 Olympic games in Beijing announced before the commencement of the games.
A contract will settle (expire) at 0 ($0.00) if there is NOT an official boycott of the 2008 Olympic games in Beijing announced before the commencement of the games.
Expiry will be based on official announcements from the Olympic organisations on the United States and the member nations of the European Union.
Expiry will be made when an announcement of a boycott is made. Any decisions regarding the announced boycott afterwards will not affect the orginal expiry.
Clarification (added March 26th):
These contracts are for a full boycott of the games - not for just the
Opening Ceremony. If a country boycotts just the Opening Ceremony, but
participates in the games itself, then the contract will not be expired.
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.