Friday, Jun 12, 2009
Intrade has opened a market on a federal government health insurance plan being approved in the United States.
This market can be found under Current Events -- Health Care Reform.
Contract Rules:
This contract will settle (expire) at 100 ($10.00) if a US federal government run health plan is approved in the United States before midnight ET on the date specified in the contract.
The contract will settle (expire) at 0 ($0.00) if a US federal government run health plan is not approved in the United States before midnight ET on the date specified in the contract.
A federal government run health plan will be considered approved once legislation establishing the plan has been passed into law. Expiry will be based on the passage of the required legislation into law, as reported by three independent and reliable media sources.
This contract covers only the creation of a government run health insurance plan that is an alternative to private health insurance. It does not cover existing health insurance programs such as Medicare or Medicaid, or any changes made to these programs or the cover they provide.
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.