IEM 2003 California Governor Recall: Ballot 1 and Ballot 2 Markets

The IEM 2003 California Governor Recall Ballot 1 and Ballot 2 Markets are real-money futures markets where contract liquidation values will be determined by the outcome of the statewide vote in the October 7, 2003, governor recall election in California. There are two markets in this group.

Contract liquidation values in the 2003 California Governor Recall Ballot 1 Market will be determined by the outcome of the first half of the ballot in the recall election -- the question of whether or not to recall Mr. Gray Davis as Governor of California. At market open, there will be five contracts listed in the market, two representing the shares of votes cast for and against the recall issue, two more representing the discrete Yes/No outcome of the decision to recall, and a third representing the event that the October election is canceled. Other contracts may be added to this market according to the contract spin-off procedure described below.

Contract liquidation values in the 2003 California Governor Recall Ballot 2 Market will be determined by the outcome of the second half of the ballot in the recall election -- the question of who will replace Gray Davis as Governor of California if the recall is approved. At market open, there will be seven contracts listed in the market, three representing the shares of votes cast for candidates for the position, three more representing the discrete outcome of who wins, and a seventh representing the event that the October election is canceled. Other contracts may be added to this market according to the contract spin-off procedure described below.

These markets are open to all traders world-wide. Consult our online trader's manual for additional information.


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Political Sites

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