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Poor and StupidHow big government, big business, big media and big academia block your road to financial freedom- and tell you it's for your own good. |
AT LEAST THERE ARE NO NUCLEAR MISSILES INVOLVED
Posted on 09/26/2006 07:34 AM | Link | Post Comment
Can Tradesports do anything right? Here's their new futures market on presidential approval ratings:
Here are the rules. Huh??!
Politics
Election Contracts
0-100 Candidate/Political Party A wins: The expiry will be 100 if Candidate A wins the specified election and 0 if he does not.
The Result:
The expiry price is determined by the final result of the election as determined by the authorized Board of elections or similar regulatory body. For Political Party contracts any tie will be broken by the authorized Legislative procedures that are used to break ties.
Postponement:
If the election is postponed until another date, the contract expiration date will be moved according. Similarly if the final count is delayed the contracts will remain open until the result from the final count is officially declared.
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