Thursday, Jul 15, 2010
Intrade has listed a market for Apple to recall the iPhone 4. This market can be found under Technologies > Apple iPhone.
Contract Rules:
The contract will settle (expire) at 100 ($10.00) if Apple announce a complete recall of the iPhone 4 before midnight ET on the date specified in the contract.
The contract will settle (expire) at 0 ($0.00) if Apple do not announce a complete recall of the iPhone 4 before midnight ET on the date specified in the contract.
Expiry will be based on an official recall of the device, as reported by three independent and reliable media sources. A recall must by complete - i.e. it must apply to all iPhone 4 devices - before the contract will expire 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.