Another contract expiry debate.
InTrade-TradeSports – Next Major Sportsbook to Withdraw from US:
These contracts will be expired based on who of the listed Sportsbooks will be next to stop accepting US customers (before 11:59:59pm ET on December 31st 2007. )
A contract will expire at 100 if the named Sportsbook is the first to publicly announce it will stop accepting US customers. If the named Sportsbook is not the first to announce this the contract will expire at 0. If none of the listed Sportsbooks make this announcement the SB.DEC07.NONE will expire at 100 and all others at 0.
Expiry is based only on the Sportsbooks listed . Any other Sportsbooks announcing their withdrawal from the US market will not affect expiry of the listed contracts.
Any change to the result after the contract has expired will not be taken into account – Exchange Rule1.4.
Due to the nature of this contract please also see Contract Rule 1.9 Unforeseen Circumstances.
The Exchange reserves the right to invoke Contract Rule 1.8 (Time Protection) if deemed appropriate.
Please contact the exchange by emailing [email protected] if you have any questions regarding this contract before you place a trade.
Clarification (added March 3rd, 2007): The announcement by BetCRIS that all US customers must now access their accounts through BookMaker.com is not considered as a refusal to accept US-based customers. BookMaker.com is powered by BetCRIS and so this is considered more a rebranding/renaming issue rather than the introduction of a policy of refusing US-based customers.
Please contact the Exchange if you have any query or uncertainty (including how it may be settled) about this Contract, the Rule above or the Contract Rules before you trade.
Effective immediately, all U.S. customers must now access betting accounts through www.BookMaker.com where you can continue to wager using your same account number and password. All player account details, open wagers, account balances and pending withdrawals have been transferred and will be honored. Powered by BetCRIS, BookMaker.com offers the same quality of service and experience you’-ve come to expect at BetCRIS. Should you have any questions, please contact our Customer Service Department at 1-866-BetCRIS. All non-US customer accounts are unaffected by this change and can continue to access their accounts at BetCRIS.com.
Following a Legacy of quality in service and renowned bookmaking experience of more than two decades, BookMaker.com is born to aim and serve both professional and recreational players. Always first sportsbook to post lines, the phrase “Where the Line Originates” will continue attracting the world’s sharpest and biggest players.
Powered by BetCRIS International, a recognized sports betting industry Leader since 1985, BookMaker.com provides Safe and Secure sports betting on sporting events, as well as horse racing, online casino games, poker, bingo and mobile betting from any location in the world, 24 hours a day 7 days a week. Thus, whether you are betting from your office computer or calling from the comfort of your home you can rest assured our service will be first class and completely confidential.
NetSol’-s Who Is Database:
BetCris.com – Registrant = Investments Manager, S.A. (Location not specified)
BookMaker.com – Registrant = Investments Manager, S.A. (Costa Rica)
MY OPINION ON THIS CONTRACT:
The InTrade-TradeSports contract makes reference to “-sportsbooks”-, which are identified by their brand name (e.g., “-BetCris”-) and domain name (e.g., “-BetCris.com”-), not to the investing group (a.k.a. holding group), refered here by the trade name “-Investments Manager”-. The BetCris sportsbook has indeed notified US customers that it won’-t take their business anymore. The BetCris contract should then expire at 100.
PostScriptum: The term “-powered by”- means that BetCris’- technology is rented to BookMaker. It does not mean, by itself, that BetCris owns BookMaker (although we see, by other means, that yes, it is the case). In any case, that’-s not the issue. The issue is whether the InTrade-TradeSports contract is about sportsbooks brand names (here, “-BetCris”-) or sportsbooks trade names (here, “-Investments Manager”-). The contract mentioned “-BetCris”-, which is a brand name for the sportsbooks service- the contract did not mention “-Investments Manager”-, which is a trade name for the holding group.
Do you guys/gals agree with me or disagree with me??