MEDIA STATEMENT
IPREDICT LTD
Friday 20 April 2012
FOR IMMEDIATE RELEASE
www.ipredict.co.nz
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Key or Shearer to step down?

New Zealand’s online prediction market, iPredict, has launched six stocks to calculate which of the leaders of the country’s two main political parties – National’s John Key or Labour’s David Shearer - is most at risk of losing his job over the next two and a half months.

The stocks are at https://www.ipredict.co.nz/app.php?do=browse&cat=706 and can be traded by any of iPredict’s 6,500 registered traders plus anyone else who signs up for free at https://www.ipredict.co.nz/app.php?do=register.

The launch of the stocks follows significant political issues involving both leaders.

Mr Key has come under pressure for his role in the choice of a provider for a new National Convention Centre in Auckland.

Mr Shearer has come under pressure for low poll ratings. Speculation about his future has increased overnight given the 92% probability that Alastair Cameron, a close political associate of deputy leader Grant Robertson, is about to be appointed Labour’s Chief of Staff, as discussed at New Zealand’s top left-leaning blog The Standard.

Two stocks forecasting the probability of Mr Key’s resignation were launched yesterday, and indicate a 2% probability Mr Key will resign before 1 May 2012 and a 7% probability he will resign by 1 June 2012.

Stocks have been launched at the same prices asking the same question with respect to Mr Shearer.

Stocks speculating on both Mr Key and Mr Shearer’s futures through to 1 July have also been launched at an opening price of 10c.

iPredict is owned by Victoria University of Wellington.
ENDS

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