iPredict

Socialist Workers' Party Prime Minister after next Spanish Election

Long Description

This contract pays $1 if the Prime Minister of Spain following the next General Election is a member of the Socialist Workers' Party (PSOE); otherwise this contract closes at $0.

Judging Criteria 

IN TRADING THIS CONTRACT, TRADERS ACKNOWLEDGE THE POSSIBILITY THAT SPANISH POLITICS MAY BE UNSTABLE AND UNPREDICTABLE AND AGREE THAT IPREDICT'S JUDGMENT ON ALL MATTERS IS FINAL

The purpose of this contract is to forecast the political background of the Prime Minister of Spain following the next Spanish General Election, scheduled for no later than November 2015.

The contract is concerned with a permanent prime minister appointed or reconfirmed in office constitutionally. The appointment or reconfirmation of an interim or caretaker prime minister from the relevant party will not cause the contract to close at $1.

In the event of a coup d'etat or other unconstitutional change to Spain's governing arrangements prior to the appointment or reconfirmation of a Prime Minister following the next General Election, the contract shall immediately close at $0.

If the relevant party is dissolved, splits, merges or changes in a material way, iPredict shall make a judgment on an appropriate closure timing and price. This may or may not involve immediately closing the contract at the last traded price. In such an event, an provisional decision may be placed on the iPredict forum for comment prior to a final decision being made.

In the event of doubt, iPredict will consult the Spanish Embassy in Wellington, New Zealand.

iPredict's judgement is final.

All dates and times are Rome 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.