Thursday, Jul 8, 2010
Intrade has opened a market for the winner of Big Brother 12 (US).
This market can be found under Entertainment > Big Brother USA.
Contract Rules:
A contract will settle (expire) at 100 ($10.00) if the individual named in the contract wins Big Brother 12.
The contract will settle (expire) at 0 ($0.00) if the individual named in the contract does not win Big Brother 12.
Expiry will be based on the officially declared winner of Big Brother 12, as announced on the show.
If there are multiple winners the expiry will be spread between the winning contracts. For two winners each contact will expire at 50, for three winners each contract will expire at 33.3 etc.
We will not expire any contracts until the competition is completed and a winner announced. This is to cover the possibility someone voted off the show comes back to win. We can't expire a contract at 0 and then re-expire it again later at 100 if this happens.
If someone who is not specifically named in a contract wins the show the OTHER contract will be expired as the winner. This includes anyone who joins the show after it has commenced.
If there is no declared winner the NONE contract will be expired at 100.
Any changes to the result after the contract has expired will not be taken into account - Contract Rule 1.4
Due to the nature of this prediction market contract you are obligated to read Contract Rule 1.7 (Unforeseen Circumstances) and Contract Rule 1.8 (Time Protection). Intrade may invoke these rules in its absolute discretion if deemed appropriate.
Please contact the exchange by emailing help@intrade.com if you have any questions regarding this contract or interpretation of these contract specific rules, related exchange news articles or exchange rules before you place an order to trade.