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Tuesday, July 19, 2005

Wanna Bet Rove Is Gone?

Then go here and click on Current Events and then White House (right now the market makes Pr[Rove resigns on or before Sep 30, 2005]=0.18):
Karl Rove Contracts

Dublin, Jul. 14 (TradeSports) -- The Exchange has listed three new 0-100 contracts on the resignation/departure of Karl Rove, Assistant to the President, Deputy Chief of Staff and Senior Advisor.

The Contracts can be found under Current Events>White House> Karl Rove Resignation.

The contracts will expire at 100 if there is an official White House announcement reporting the resignation, retirement or departure of Karl Rove from his current position as Assistant to the President, Deputy Chief of Staff and Senior Advisor by the time/date specified in the contract or if he no longer or if Mr. Rove has factually departed his current position noted above.

The contracts will expire at 0 should there be no announcement or no such factual departure by the time stated in the contract specification i.e. on or before 11:59.59 pm ET on the date specified within the relevant contract.

Please contact the Exchange if you have any questions about how the contract will be expired in specific circumstances.

For guidance purposes only the following clarifications are offered:

* A tendered resignation that is not accepted will cause the contract to expire at 0

* A resignation from one post but not all will cause contract to expire at 0

Please Note: A resignation does not have to result in the actual departure by the contract expiry date but rather the announcement of the said resignation must be made and not rejected by that time/date.

A Departure/Resignation may be 'forced' or 'voluntary'.

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