Tuesday, Sep 22, 2009
Intrade has listed a market for the number of seats gained by the Republicans in the House of Representatives in the 2010 mid-term elections.
This market can be found under Politics -- 2010 US Midterms.
Contract Rules:
This market is for the net gain made in the total number of seats held by the Republicans in the House of Representatives in the 2010 mid-term elections.
A contract will settle (expire) at 100 ($10.00) if the Republicans have a net gain equal to, or greater than, the number of seats specified in the contract.
A contract will settle (expire) at 0 ($0.00) if the Republicans do not have a net gain equal to, or greater than, the number of seats specified in the contract.
Expiry will be based on the official results of the 2010 mid-term elections, as reported by three independent and reliable media sources.
At the time this market was opened the Republicans held 177 seats. The net gain of seats will be calculated using this figure.
For the purposes of this contract any seats held by an Independent who caucuses with the Republicans will NOT be considered a Republican seat. The seat must be held by a Republican.
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.
Follow us on Twitter: JDelaneyIntrade