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Dublin offers contracts on China invading Taiwan

The Taiwan-China conflict is again in the international spotlight after a Dublin-based futures Web site opened trading on China's possible invasion of Taiwan.

Intrade.com began trading on March 21 on four contracts regarding the likelihood that China would launch military action against Taiwan on or before December 31 either this year, next year, in 2009 or 2010.

Traders who buy contracts are in effect betting on a Chinese invasion of Taiwan. The contracts pay out only if the event takes place within the contract dates.

"Any action must be officially and publicly announced by an official or agency of an interested government (including, but not limited to, China, Taiwan, Japan, United States) and reported in three independent and reliable media sources before the contract will be expired at 100," the site said.

"Overt military action is defined as any military attack on Taiwanese military or civilian targets or infrastructure by Chinese naval, air or ground forces. This includes any defensive or retaliatory actions," it said

Covert action and a military blockade would not be considered, it said.
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