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Test your political IQ and trading skills to challenge the market and win cash and prizes totaling $25,000*.
This site is a pre-launch version of the site to practice how to use the GEM trading platform.
All accounts will be reset and outstanding orders will be cancelled at 11:59 PM prior to the date the Contest and Sweepstakes starts (date to be announced).
Contest and Sweepstakes is expected to begin August 1, 2008*
(see preliminary contest rules for details.)
GLOBALELECTIONMARKETS ("GEM") is a prediction market where by making smart predictions on worldwide elections, relative to other participants in the market, you can -- if you are an eligible participant* -- win substantial cash prizes totaling up to $25,000. There is no charge for you to participate in this market which operates as a contest of skill and a sweepstakes.
The object of the GEM contest is to buy winning candidates or parties for elections and sell losing candidates. Each share you hold of a winning candidate will pay G$1.00 (one "GEM dollar", the game's virtual currency) and each losing candidate or party will pay G$0.
When you enroll in each election you will be provided with G$20 and a slate of 10 shares of each candidate in the election. Hold what you think will be winners, or buy additional shares, and sell your losers in the GEM market to get the highest number of GEM dollars. Those eligible participants at the end of the contest period that have the highest number of GEM dollars will win a cash prize. See the contest rules for details.
Even if you do not have one of the highest GEM dollar portfolios you can, if you are an eligible participant, still win cash prizes. At the end of the trading period there will be a GEM sweepstake drawing where you will have 1 GEM sweepstakes ticket for each GEM dollar in your portfolio.
There is no charge for participating, so register, start trading, and have fun!
In addition to the cash prizes, GEM will challenge the prediction and trading skills of all participants in the market as you seek to select the winning candidate in all worldwide elections and match your skills against other participants around the world. The GEM website will continuously rank your prediction skills against all other participants across the globe.
Visitors to the GEM website are able to get the pulse of global electorate on choosing national leaders by viewing the predictions of GEM participants around the world. In addition GEM participants and visitors will be able to provide their own commentary on the election issues through the GEM General Forum.
(*) See the contest and sweepstakes rules to determine if you are eligible to win cash prizes. Those not eligible to win cash prizes can nevertheless participate in the market to match their prediction skills against all other participants and also participate in the GEM General Forum. Contest is expected to begin on August 1, 2008; however GEM reserve the right to delay the beginning of the contest or change its structure. All currently enrolled participants will be notified via the GEM website when contest will begin.
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