2008 Control of Congress Contracts

Monday, Dec 18, 2006

The Exchange has now listed contracts on who will control the US Congress after the 2008 Elections. These contracts can be found under Politics -- US 08 Elections.

SENATE CONTROL:

A contract will expire at 100 if the party named in the contract controls the United States Senate after the 2008 Congressional elections. A contract will expire at 0 if the named party does not control the Senate.

A party will control the Senate if they:

Hold 51 (or more) Senate seats
Hold 50 Senate seats and has the Senate vote of the Vice President of the United States in his or her role as President of the Senate.

For expiry purposes any Senate seat held by an Independent who caucuses or votes with the Democrats will be considered Independent and NOT a Democratic seat. The same rule applies to any Independent who caucuses or votes with the Republicans.

Please contact the exchange by emailing help@intrade.com if you have any questions regarding this contract before you place a trade.

HOUSE CONTROL:

A contract will expire at 100 if party named in the contract controls the United States House of Representatives after the 2008 Congressional elections. A contract will expire at 0 if the party named in the contract do not control the House of Representatives.

A party will control the House of Representatives if they hold 218 (or more) seats.

For expiry purposes any House seat held by an Independent who caucuses or votes with the Democrats will be considered Independent and NOT a Democratic seat. The same rule applies to any Independent who caucuses or votes with the Republicans.

Please contact the exchange by emailing help@intrade.com if you have any questions regarding this contract before you place a trade.