Thursday, May 29, 2008
A market has now been opened on who will be the Prime Minister of New Zealand following the next general election, scheduled for later this year. These contracts can be found under Politics -- New Zealand Politics.
Contract Rules:
A contract will settle (expire) at 100 ($10.00) if the named individual is Prime Minister of New Zealand after the next general election.
A contract will settle (expire) at 0 ($0.00) if the named individual is NOT the Prime Minister of New Zealand after the next general election.
Expiry will be based on official election results, 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 regarding this contract before you place a trade.