Friday, Jan 30, 2009
We have now opened a market for how many Republican votes the Economic Stimulus Plan currently being considered by Congress will get in the Senate. This market can be found under Politics -- US Congress.
Contract Rules:
This market refers to the economic stimulus plan currently being considered by the US congress. This plan is officially know as the American Recovery and Reinvestment Act of 2009 (US Senate Bill S.1).
The market will be expired according to how many Republican votes the plan receives when it goes to a vote in the US Senate.
This contract will settle (expire) at 100 ($10.00) if the number of Republican Senate votes is equal to or greater than the number specified in the contract.
The contract will settle (expire) at 0 ($0.00) if the number of Republican Senate votes is less than the number specified in the contract.
Expiry will be based on the official outcome of the Senate vote, as reported by three independent and reliable media sources.
If there is no Senate vote the market will be declared void, all trades reversed and all trading fees refunded.
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.