Posted on 10/17/2012 8:44:43 AM PDT by beebuster2000
Intrade? Is George Soros or one of his lackies involved in this outfit?
That’s what I thought until I read the fine print!
Maybe Soros is pumping some money in to fool idiots who follow Intrade.
Because its nitpicking to say that Justice Roberts struck down the individual mandate, when what he actually did was to find a way to uphold it while at the same time, technically, striking it down. Intrade was wrong, the individual mandate was upheld, but as a tax.
Two words... george soros
Look at how accurate intrade was on the obamacare SCOTUS decision. Bwahahahahahahahaha!
LLS
Intrade has over 100,000 registered users just in the U.S. alone. If the IRS is coming after me for my losses on Intrade, then they are going to have a heck of a lot of people to round up throughout the country! That would be an absolutely amazing thing to do, since the legal status of Intrade has never been clarified by the government and most people see it as legal. The only regulation that the U.S. government has actually passed is a restriction from using credit cards on Intrade from the U.S.
I know that many on here are unhappy about Intrade’s skewing left, but it is a legit company that is frequently referenced in all sorts of political discourse and their users are in fact overwhelmingly American, not just foreigners. Let’s keep at least a little balance here and not let our hatred of Intrade run away with us.
There is no reason to hate Intrade.
It is a private company that offers a straightforward service at a transparent price.
If you want that service and are willing to pay their price for it, buy.
If you don’t want their service at the price offered, don’t buy.
Why make it any more complicated than that?
I’m not quite sure I get what your criticism is exactly. I didn’t think that I was complicating any issue. I was merely responding to the poster who said that the IRS was personally coming after me now for having been unsuccessfully involved in Intrade in the past. I think that that poster was having a visceral response to Intrade’s favoring Obama and therefore was exaggerating the topic greatly by suggesting that our government was going to go after the 100,000+ Intrade users in the US (even though this has never happened once in the company’s 13 year history).
By “our” hatred, I simply meant “we Romney supporters.” I think this thread more than shows that there is a lot of resentment of Intrade on here because of the advantage that traders on Intrade give to Obama. As I mentioned in my first post on the thread, I think that Intrade really indicates nothing about the election, so people need to calm down about it, in my opinion.
“None of us are as dumb as all of us.”
I did not intend to imply that you were finding fault with Intrade.
Others were and my defense of Intrade was directed at them.
I apologize for the confusion.
As I expect you know, Intrade does not set the odds. They simply operate the market and the odds result from the traders’ actions.
If people think that the price of Romney predictions underestimates the likelihood that he will prevail, then all this means is that they disagree with most of the traders.
That is what speculators call “opportunity”.
Oh, OK. Then we agree. Sorry about that then.
Just to note too about the main topic of the thread: Romney’s overall odds on Intrade seem to be fairly closely tied to his odds of winning Ohio on the site. I think that’s where the snag is. Since Intrade is currently giving FL and (by a very small margin) VA to Romney, I would think his overall odds would go up if polls start consistently showing him winning in Ohio, since if he wins those three states he’ll pretty much have the whole election in the bag. While without Ohio it will be a hard road for him, and the Intraders know that.
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