Monday, Feb 1, 2010
A new market has been listed for Barack Obama to face a serious primary challenger in 2012 for the Democratic nomination. A primary challenger will be considered serious if they win 20% or more of the vote in one the following three contests: Iowa Caucus, New Hampshire Primary or South Carolina Primary.
This contract can be found under Politics -- 2012 US Elections.
Contract Rules:
This contract will settle (expire) at 100 ($10.00) if any primary challenger to Barack Obama wins 20% or more of the vote in the Iowa Caucus, the New Hampshire Primary or the South Carolina Primary.
The contract will settle (expire) at 0 ($0.00) if no primary challenger to Barack Obama wins 20% or more of the vote in the Iowa Caucus, the New Hampshire Primary or the South Carolina Primary.
Expiry will be based on the official results of the 2012 Iowa Caucus, New Hampshire Primary and South Carolina Primary, 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 or uncertainty regarding this contract or interpretation of these contract specific rules, related exchange news articles or Exchange Rules before you place a trade.