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intrade.com ceases trading activity
Intrade ^ | 03/10/2012 | The Board of Directors of Intrade the Prediction Market Limited

Posted on 03/10/2013 3:49:28 PM PDT by OL Hickory

With sincere regret we must inform you that due to circumstances recently discovered we must immediately cease trading activity on www.intrade.com.

(Excerpt) Read more at intrade.com ...


TOPICS: Business/Economy; Computers/Internet
KEYWORDS: intrade; just; stopped; trading
Any idea what's going on??
1 posted on 03/10/2013 3:49:28 PM PDT by OL Hickory
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To: OL Hickory

The IRS must be on to them.


2 posted on 03/10/2013 3:50:46 PM PDT by Candor7 (Obama fascism article:(http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html))
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To: OL Hickory

Says so right at your link.


3 posted on 03/10/2013 3:52:32 PM PDT by 1rudeboy
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To: OL Hickory
Intrade should make one exception to closing shop, they should let people bet on why they are having to close shop.

My bet would be that somebody pulled a Jon Corzine.

4 posted on 03/10/2013 3:53:23 PM PDT by vbmoneyspender
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To: Candor7
They are off shore so I doubt the IRS. They has been spectacularly wrong recently..Obamacare Romney etc so I suspect they are just broke.
5 posted on 03/10/2013 3:53:56 PM PDT by montanajoe
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To: OL Hickory

All bets are off.


6 posted on 03/10/2013 3:55:21 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: OL Hickory
"At this time and until further notice, it is not possible to make any payments to members in accordance with their settled account balance until the investigations have concluded.

We are not able to provide telephone support or live help services at this time"

7 posted on 03/10/2013 3:59:14 PM PDT by Cementjungle
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To: 1rudeboy

Where? It just says they are shut down, doesn’t say why, unless I am missing it.


8 posted on 03/10/2013 4:01:29 PM PDT by PghBaldy (12/14 - 930am -rampage begins... 12/15 - 1030am - Obama's advance team scouts photo-op locations.)
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To: OL Hickory

Their whole business model was upended by the Obama administration, the founder died in a climbing accident on Mount Everest, and they demonstrated a pronounced lack of desire to be in this business anyways. Maybe they can sell to someone who really does want to do what they originally intended, but I doubt it.


9 posted on 03/10/2013 4:01:54 PM PDT by Kevmo ("A person's a person, no matter how small" ~Horton Hears a Who)
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To: OL Hickory

Probably busted for an illegal gambling operation. Not the right license. Always seemed a little fishy to me.


10 posted on 03/10/2013 4:13:08 PM PDT by mnehring
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To: OL Hickory

Looks like The Blaze was on to the potential closing about a month ago.
http://www.theblaze.com/blog/2013/02/22/say-goodbye-to-intrade/


11 posted on 03/10/2013 4:15:21 PM PDT by mnehring
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To: montanajoe

The tentacles of the IRS reach very far. So far that foreign banks will not open or maintain accounts for Americans.

But it could be the Justice Department. It was the DoJ that shut down online poker a couple of years ago, and they were domiciled abroad as well.


12 posted on 03/10/2013 4:15:45 PM PDT by Skepolitic
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To: Skepolitic

Could be but if they were still open I bet they are broke...


13 posted on 03/10/2013 4:18:55 PM PDT by montanajoe
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To: Skepolitic

Costa Rica, I believe.


14 posted on 03/10/2013 4:28:07 PM PDT by pingman (Trust a lib? Surely you jest!)
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To: pingman

I thought it was Ireland.


15 posted on 03/10/2013 4:35:01 PM PDT by mnehring
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To: OL Hickory
InTrade is best known for brokering bets in the U.S. presidential elections. But last November, the U.S. Commodity Futures Trading Commission sued to stop the Dublin-based site from offering prediction contracts to Americans. As a result, InTrade closed all U.S. accounts pending a court-ordered injunction
16 posted on 03/10/2013 4:54:25 PM PDT by SunTzuWu
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To: OL Hickory

My guess would be that the market got small enough that manipulation could occur.


17 posted on 03/10/2013 5:05:20 PM PDT by garbanzo (It's the end of the world as we know it and I feel fine)
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To: OL Hickory

It’s the Zombie apacolypse! (did I spell that right?)


18 posted on 03/10/2013 5:22:52 PM PDT by VRW Conspirator (Sometimes it takes calamity to lead to serenity - FReeper RacerX1128)
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To: VRW Conspirator

In the word of Mssr Holder, “No.”


19 posted on 03/10/2013 5:26:35 PM PDT by Louis Foxwell (Better the devil we can destroy than the Judas we must tolerate.)
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To: OL Hickory

But it’s not possible to game or cheat a web voting process.

How can this be?

LMAO.


20 posted on 03/10/2013 5:45:08 PM PDT by NoLibZone (We have the nation we deserve.I predict FR will hate GOP Candidate for 2016,2020,2024,2028, 2032...)
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To: OL Hickory

The DNC has been testing to learn how to “handle” internet based voting.


21 posted on 03/10/2013 5:46:28 PM PDT by NoLibZone (We have the nation we deserve.I predict FR will hate GOP Candidate for 2016,2020,2024,2028, 2032...)
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To: OL Hickory

Droned...


22 posted on 03/10/2013 5:48:07 PM PDT by Hardraade (http://junipersec.wordpress.com (Vendetta))
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To: montanajoe
They has been spectacularly wrong recently..Obamacare Romney etc so I suspect they are just broke.

What? Intrade was stubbornly pro Obama the entire campaign, and everyone who was saying Romney was going to win also said you could make a killing at Intrade.

23 posted on 03/10/2013 6:16:53 PM PDT by Yo-Yo
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To: OL Hickory

Last November:

Intrade Closes To U.S. Bettors, Bowing To Pressure From Regulators - Forbes 11/27/2012

http://www.forbes.com/sites/steveschaefer/2012/11/27/cftc-takes-aim-at-intrade-files-suit-going-after-prediction-market/


24 posted on 03/10/2013 6:21:45 PM PDT by Jyotishi (Seeking the truth, a fact at a time.)
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To: Yo-Yo
You are right last I paid any attention in October it was Romney at 40% and going up..looking back they had O at 72 on election day.

But I still think they are just broke and their demise has nothing to do with the US Government..

25 posted on 03/10/2013 6:23:24 PM PDT by montanajoe
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To: mnehring

No, I mean the on-line poker.


26 posted on 03/10/2013 6:59:15 PM PDT by pingman (Trust a lib? Surely you jest!)
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