Friday, Jun 12, 2009
Intrade has opened a market on the announcement by Japan that they have acquired nuclear weapons.
This market can be found under Current Events -- Japan.
Contract Rules:
A contract will settle (expire) at 100 ($10.00) if Japan announces that it has acquired a nuclear weapon before midnight ET on the date specified in the contract.
A contract will settle (expire) at 0 ($0.00) if Japan has not announced that it has acquired a nuclear weapon before midnight ET on the date specified in the contract.
Expiry will be based on official public announcements from the Japanese Government or Defence Forces, as reported by three independent and reliable media sources.
This market will not be expired if Japan announces it is developing nuclear weapons, only when the weapons have been acquired. The verification of these weapons does not need to occur for expiry, only the announcement they have been acquired.
Expiry will be based on what has been announced at that time. If a contract is expired and Japan had acquired nuclear weapons, but it has not been announced, then the original expiry will stand.
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.
Typically initial orders and trades occur within 6 hours of when the market is listed.
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