Intrade.com is no more. At least for the foreseeable future. Although, given what’s happened during the last few months, it seems unlikely that the site will ever reclaim its former position as the world’s leading predictions market, where you could bet on everything from elections to commodity prices.
In a cryptic message posted on Sunday night by its board of directors, Dublin-based Intrade said that “due to circumstances recently discovered, we must immediately cease trading activity.” Citing “financial irregularities” that appear to have run afoul of Irish law, Intrade said it will “investigate these circumstances” over the next few weeks. In the meantime, customer accounts have effectively been frozen, meaning that if you have money with Intrade, you’re not able to get it out right now.
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