Friday, May 25, 2007

New Intrade Contract: Bloomberg as Independent for President

At Intrade:
The Exchange has listed a contract on Michael Bloomberg (Mayor of New York) announcing his intention to seek the Presidency of the United States in 2008 as an independent candidate. This contract can be found under Politics -- 2008 US Election -- Michael Bloomberg to run as Independent. This contract will settle (expire) at 100 ($10.00) if Michael Bloomberg (Mayor of New York) announces his intention to run for President of the United States in 2008 as an Independent candidate. The contract will settle (expire) at 0 ($0.00) if he does not make such an announcement. Expiry will be based on official and public announcements made by Michael Bloomberg and as reported in three independent and reliable media sources. Due to the nature of this contract please also see Contract Rule 1.9 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 if you have any questions regarding this contract before you place a trade.
I've traded this a little bit, but am currently flat.

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