I thought the site was already illegal in the US?
How much was that “Intrade shut down in the U.S.” option trading at ?
Someone will have a work-around on this in a few hours.
/johnny
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I remember when Intrade was predicting a win for Baraq and FReepers were saying it was just a bunch of Euros who didn’t understand American politics, LOL.
Land of the Free news.
Or maybe Overreaching Leviathan State attempts to enforce US law on a foreign company. Company reacts in only rational way- dumps US customers.
I wonder if Americans can still use the “play” money option. I found it to be kind of fun. Their website didn’t say and I was too lazy to put in a ticket to ask. Guess I’ll see 1/1/2013.
There is a legal betting site for US bettors at:
http://tippie.uiowa.edu/iem/
The CFTC is corrupt. This has been a shakedown by a corrupt guvmint agency that was trying to use its leverage to get bribes and favors, and Intrade said “screw you”.
One way to view this is in the context of the CFTC denying the attempt by NADEX to list political markets earlier this year. The Obama administration was trying to muscle in on the predictions industry.