Friday, Oct 16, 2009
In late 2009 the first permanent President of the European Council will be appointed. This post will replace the current presidency that rotates between member states every six months.
Intrade has listed a market for who will appointed as the first permanent President of the European Council.
This market can be found under Politics -- European Council.
Contract Rules:
A contract will settle (expire) at 100 ($10.00) if the individual named in the contract is appointed.
A contract will settle (expire) at 0 ($0.00) if the individual named in the contract is not appointed.
Expiry will be based on the official announcement of the appointment from the European Council, 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.