Grotesque federal over-reach at least for the simple reason that INTRADE is a market of predictions and not a market that can require or enforce delivery. I guess the next step would be for the CFTC to move against AccuWeather for long rang crop forecasts on the grounds that it also influences the price of commodities like soybeans and corn.
I hope INTRADE just tells the CFTC that since they aren’t in the US, they are not subject to US law, so take a hike.