Tuesday, Aug 4, 2009
Intrade has opened a market for the winner of this years New York City Mayoral election, scheduled for 23rd October.
This market can be found under Politics -- New York City.
Contract Rules:
This contract will settle (expire) at 100 ($10.00) if the individual named in the contract is elected Mayor of New York City in the 2009 mayoral election.
The contract will settle (expire) at 0 ($0.00) if the individual named in the contract is not elected Mayor of New York City in the 2009 mayoral election.
Expiry will be based on the official winner of the election (scheduled for 23rd October 2009), as reported by three independent and reliable media sources.
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.
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