Thursday, Jul 9, 2009
Intrade has listed a new market for the US Congress to approve another Economic Stimulus Plan.
This market can be found under Financial -- US Stimulus Plan.
Contract Rules:
This market is for the approval of a new economic stimulus plan by the US Congress, in addition to the stimulus plan approved in February 2009.
This contract will settle (expire) at 100 ($10.00) if the US Congress passes a new stimulus plan before midnight ET on the date specified in the contract.
The contract will settle (expire) at 0 ($0.00) if the US Congress does not pass a new stimulus plan before midnight ET on the date specified in the contract.
Expiry will be based on the official passage of an economic stimulus package through Congress, as reported by three independent and reliable media sources.
For this contract to expire at 100 the Senate and the House of Representatives must agree upon and pass the same plan. The plan may be a stand-alone bill or it may be passed as part of another bill.
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.