CFTC Lawsuit Leads to Intrade Pullout From U.S. Market
Hours after being sued by U.S. regulators for violating commodities laws, online prediction market Intrade told U.S. residents on Monday to immediately begin shutting down their accounts due to "legal and regulatory pressures."
The Dublin-based company had recently grown popular with investors as a way to gauge opinions on everything from election outcomes to acts of war.
Source: Fox Business. Read full article. (link)
Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time.
-
at least the children will be safe now