I am starting to go this way, as well.
China did bring up a good point that people may bet on this without knowing anything about the terms of the Tice/Perkins challenge. They may simply know that Tice is a pro and Perkins is a rec, and bet on Tice. Then they'll get the bad news afterwards, which isn't fair.
While Pokershares clearly caught the mistake and clarified (and gave bettors the opportunity to cancel it), what if the person wasn't around to get the e-mail? Seems like Pokershares should just eat smallish bets on this, due to the ambiguity, and then fix it.
However, Terrence 100% was angling here, and if he has any kind of relationship with McDonald, that's not a good look.
On the flip side, LOL at Timex denying in chat that it was a mistake. Clearly it was, or they wouldn't have panicked and send a clarification by e-mail so quickly.