Contract Details
Australia to announce intention of becoming a republic by 2020
AUS.REPUBLIC.2020Contract Info
- Symbol: AUS.REPUBLIC.2020
- Last Trade Price: $0.3245
- Last Trade Time:
25 Jan 12:18pm - Today’s Volume: 0
- Average Daily Volume: 0.5
- Today’s Change:
NC (0.00%) - Start Date: 4 May 12
- Close Date: 2 Jan 20
- Status: Active
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Long Description
This stock pays $1 if a person of suitable authority announces before 1 January 2020 that Australia is to become a republic, otherwise this stock closes at $0.
Judging Criteria
The purpose of this stock is to ascertain whether Australia will announce its intention of becoming a republic by 1 January 2020.
For this stock to pay $1, there must be a formal announcement by 1 January 2020 from Government House, the Prime Minister, or a person of suitable authority that Australia intends to officially become a Republic.
The test is for the intention to be formally announced, as the transition period could take months or years.
Becoming a republic means that a member of the Royal family will no longer be our Head of State.
All dates and times are NZ standard time
iPredict's judgement is final.
This contract will be closed no later than 3 working days after the Close Date. The Close Date may be extended if the event outcome cannot be determined by that date.