This claim will pay $1 for each YES coupon if any of the following occurs before the California polls close (i.e. 8 pm PST on election day) for the 1996 presidential election:
1) CNN, NBC, CBS or ABC announces that one candidate has won the election.
2) Either the Democratic or Republican candidates concedes.
Otherwise, each NO coupon pays $1.
If an announced result (or concession) is incorrect (eg "Dewey Defeats Truman"), then this claim should be judged NO. For the purposes of this claim it is assumed that if the winner of the election is in doubt on November 6th, 1996, then any announced result (or concession) before the California polls closed is assumed to be premature and this claim should be judged NO regardless of the final winner.
For the purposes of this claim, the winner of the election will be considered in doubt if the major networks (CNN, ABC, CBS and NBC) have not all reported the same person to have been the winner of the election by noon PST on the judgement date.
In addition, if any of those networks report voting irregularities sufficient to potentially change the winner of the election, the election should be considered to be in doubt. Voting irregularities that are not of sufficient magnitude to change the result should be ignored.
Finally, if any major network that announces a winner prior to the time the California polls close and then later retracts that announcement on or before the judgement date, the original announcement shall not be considered for purposes of this claim. In a like fashion, if a major candidate retracts his concession before the judgement date, the original concession shall not be considered for purposes of this claim.