Monday, Apr 12, 2010
Following the retirement of Justice John Paul Stevens, Intrade has opened a market for who will be sworn in as the next US Supreme Court justice.
This market can be found under Legal > Supreme Court.
Contract Rules:
A contract will settle (expire) at 100 ($10.00) if the individual named in the contract is sworn in as the next justice of the Supreme Court of the United States.
A contract will settle (expire) at 0 ($0.00) if the individual named in the contract is not sworn in as the next justice of the Supreme Court of the United States.
Expiry will be based on the official swearing in of the next justice, as reported by three independent and reliable media sources. The market will not be expired until the next justice has officially been sworn in as a member of the Supreme Court.
This market is open for suggestions. If you would like to add a name to the market please send your suggestion to help@intrade.com.
IMPORTANT: This market is not linked for margining purposes. You will be margined individually on each position held - both long and short.
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 or uncertainty regarding this contract or interpretation of these contract specific rules, related exchange news articles or Exchange Rules before you place a trade.