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Contract Details

Israel to execute an air strike against Iran before 2013

Israel to execute an air strike against Iran before 2013

Contract Info 
  • Symbol: IRAN.AIR.ISR.12
  • Last Trade Price: $0.0000
  • Last Trade Time:
    31 Dec 12 12:00am
  • Today’s Volume: 0
  • Average Daily Volume: 0.0
  • Today’s Change:
    NC (0.00%) 
  • Start Date: 10 Jan 12
  • Close Date: 2 Jan 13
  • Status: Closed

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Long Description

This contract will pay $1 if Israel officially executes an overt Air Strike against land facilities or naval target in Iran before 2013. Otherwise this contract pays $0.

Judging Criteria 

To pay $1 an Air Strike must occur on or before 11:59:59pm US ET on 31 December 2012.

An overt air strike against a land facility or naval target is defined as an air attack officially announced by the Israel Ministry of Defense, the Pentagon, the US Department of Defence, or as independently reported in 3 reputable media sources such as Wall Street Journal, Reuters, Bloomberg or similar. Land facilities and naval targets include military and/or civilian targets. An air strike will be considered to have taken place even if the stated target is not hit, or the mission objective is not achieved. For the avoidance of doubt an air strike does not include ground-based or marine-based (ship or submarine) missile launches.

An overt air strike will not include any covert operations (e.g. Mossad, CIA), accidental border clash, etc.

For a definition of an air strike the exchange will use the military definition as published in Department of Defense Dictionary of Military and Associated Terms:

Air strike: An attack on specific objectives by fighter, bomber, or attack aircraft on an offensive mission. May consist of several air organizations under a single command in the air.

In the event of an air strike being launched before midnight on the expiration date, but not executed until after midnight that contract will close at $0 as the ordinance must have hit in order for the air strike to have occurred.

If NATO/UN execute an air strike against Iran (within the specified time/date) and there are Israeli forces involved in this strike the contract will close at $1.

Events prior to the launch of this contract on iPredict do not affect this contract.

Contract definition from Intrade.com

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.