Financial Regulation

CFTC Lawsuit Leads to Intrade Pullout From U.S. Market

The predictions market company told its U.S. customers they have to close their accounts after the feds accused them of violating Dodd-Frank

|

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.