Wednesday, Jan 20, 2010
Intrade has opened a new market on whether or not "Obamacare" health care reform will be passed 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 "Obamacare" health care reform is passed into law before midnight ET on the date specified in the contract.
The contract will settle (expire) at 0 ($0.00) if "Obamacare" health care reform is not passed into law before midnight ET on the date specified in the contract.
Expiry will be based on the official passage of a healthcare reform into law, as reported by three independent and reliable media sources.
For purposes of this contract "Obamacare" health care reform is considered one of the following:
- The Affordable Health Care for America Act (H.R. 3962)
- The Patient Protection and Affordable Care Act (H.R. 3590)
- A bill reconciling the differences between the two bills named above
If any of these bills are passed into law the contract will expire at 100. If none of these three are passed into law the contract will expire at 0.
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.