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20: Live Traders

Contract Details

Tony Gibson involved in leaking Cecil Walker details to Whaleoil

Tony Gibson involved in leaking Cecil Walker details to Whaleoil

POAL.LEAK.GIBSON
Contract Info 
  • Symbol: POAL.LEAK.GIBSON
  • Last Trade Price: $0.0000
  • Last Trade Time:
    14 Jun 12 12:00am
  • Today’s Volume: 0
  • Average Daily Volume: 0.0
  • Today’s Change:
    NC (0.00%) 
  • Start Date: 16 Apr 12
  • Close Date: 1 Sep 12
  • Status: Closed

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Long Description

This contract pays $1 if, before 1 September 2012, a formal inquiry or investigation reports that Tony Gibson was involved in leaking Cecil Walker's personal details to Whaleoil; otherwise it pays $0.

Judging Criteria 

IN TRADING THIS CONTRACT, TRADERS ACKNOWLEDGE A DEGREE OF SUBJECTIVITY INVOLVED IN THE JUDGING CRITERIA AND ACCEPT THAT IPREDICT's JUDGMENT ON ALL MATTERS WILL BE FINAL.

The contract refers SOLELY to the leak, to a person or persons associated with the blog site at www.gotcha.co.nz, that was discussed in a letter from Ports of Auckland Ltd CEO Tony Gibson to the Maritime Union, reported at http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10798285 and http://www.nzherald.co.nz/employment/news/article.cfm?c_id=11&objectid=10798466.

A "formal inquiry or investigation" includes, but is not limited to: an inquiry by the Privacy Commissionerand/or an investigation by or on behalf of any other relevant authority such as but not limited to the New Zealand Police, the Mayor of Auckland, the Auckland Council, or Auckland Council Innvestments Ltd.

The degree of formality required to satisfy the contract is a matter of iPredict's judgment - an inquiry of the sort by the Prime Minister that led to the resignation of Nick Smith as ACC Minister would be sufficient to satisfy the formality criteria.

The finding that the subject of this contract was involved in leaking the information must be in a written report that is distributed to the media. A Mayoral media statement emailed to media is sufficient to satisfy the written report test.

The finding must be clear definitive and not qualified by words such as "highly likely to have".

The distribution of the written report is sufficient for the contract to immediately close at $1. It does not matter if the subject of this contract continues to deny having leaked the information or if the finding in the written report is later found to be incorrect.

For the purposes of the contract, it is not necessary for the investigation or inquiry to report that the subject of this contract directly gave the information to anyone associated with the blog at www.gotcha.co.nz. It is enough that the subject of this contract gave the information to another person and knew, or should reasonably have been expected to know, that that person was likely to give it to a media outlet. A media outlet includes a blog.

This means that more than one iPredict contract on this matter may close at $1 and this contract is therefore not bundled.

If there are no developments that satisfy the conditions of this contract before 1 September 2012, it shall close at $0.

In launching this contract, iPredict is in no way suggesting or implying that the subject of the contract was in any way involved in leaking the email.

All dates and times are New Zealand Time.

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.