Intrade lists 2009 Global Warming Contract!

Here is the announcement:

Will 2009 be one of the hottest on record?

Monday, Mar 9, 2009

We have listed a market on 2009 being one of the five warmest years on record. This market can be found under Climate and Weather -- Global Temperatures.

Contract Rules:

This contract will settle (expire) at 100 ($10.00) if the Global Average Temperature for 2008 is among the five warmest years on record.

The contract will settle (expire) at 0 ($0.00) if the Global Average Temperature for 2008 is NOT among the five warmest years on record.

Expiry will be based on the data published by the NASA Goddard Institute for Space Studies. Further details can be found HERE.

The data used to expire this contract will be based on "surface air measurements at meteorological stations and ship and satellite measurements of sea surface temperature", as also used in the GISS Surface Temperature Analysis 2008 Summation.

The contract will be expired once the information required for expiry is available. The contract may therefore remain open into 2009.

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