Monday, Apr 12, 2010
November's ballot in California contains an initiative to legalize and regulate the use of marijuana for personal use. Intrade has listed a market for this initiative to be passed by the voters of California.
This market cab be found under Legal > Legalized Marijuana.
Contract Rules:
This contract will settle (expire) at 100 ($10.00) if the initiative is passed by California voters in November 2010 ballot.
The contract will settle (expire) at 0 ($0.00) if the initiative is not passed by California voters in November 2010 ballot.
Expiry will be based the outcome of the ballot, 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 or uncertainty regarding this contract or interpretation of these contract specific rules, related exchange news articles or Exchange Rules before you place a trade.