InTrade Shutting Down

Had been hounded by an American regulator

Well-known online betting site InTrade is completely shutting down trading, according to a memo posted to its site. It's unclear if it will ever open again, as the language is rather opaque.

Comments

[fish_remote]

Is Shreeky on suicide watch?

[Jeff]

No. Who would want to stop that?

[Sevo]

The full article isn't much more help.
Two alternatives:
1) Not enough revenue
2) Gov't regs.
Well, maybe a third:
3) Someone internal has cleaned out the till.
#1 is hard to believe.

[Jerry on the boat]

Didn't see this one coming. If only there were a website were people could come together to predict future events ... we would have known then!

[Sevo]

Jerry on the boat| 3.10.13 @ 10:00PM |#
"Didn't see this one coming. If only there were a website were people could come together to predict future events ... we would have known then!"
Yep. Kinda like the psychic who closed for 'unexpected reasons'...

[SIV]

First prediction markets.Now I fear for 3D printing and food trucks.

[Free Society]

Regulators killed Intrade and they shot all their dogs.

[TheZeitgeist]

Intrade's statement seems to indicate clearly they want to get going again, and the issues involve 'financial irregularities' that need to be investigated by Irish(?) banking authorities:

We are committed to reporting faithfully the status of things as they are clarified and hope you will bear with us as we do all we can to resume operations as promptly as possible.

[John Galt]

"Last November, the site was sued by the U.S. regulator the CFTC, and the site blocked all U.S.-based users."

Thank you billions, Obama administration! I don't know what I'd do if you maggots weren't saving me from me! Most un-transparent fascist administration in U.S. history. Yayyyy!!

[homme nike air max TN]

It's unclear if it will ever open again, http://www.shoxinfr.com/ as the language is rather opaque.

[JeremyR]

I was hoping it was that stupid day trading company. But I guess that is E-trade?