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Prediction Market Site InTrade Bans US Customers

Posted by timothy on from the baptists-and-bootleggers dept.

MyFirstNameIsPaul writes "In an announcement dated Monday, Nov 26, 2012, Dublin-based InTrade stated 'that due to legal and regulatory pressures, InTrade can no longer allow U.S. residents to participate in our real-money prediction markets.' The Washington Post reports that the Commodity Futures Trading Commission filed a complaint in federal court against InTrade for 'illegally facilitating bets on future economic data, the price of gold and even acts of war,' demonstrating just how far the long arm of U.S. law can reach."

1 of 260 comments (clear)

  1. Damn, this sucks by Nidi62 · · Score: 5, Funny

    I had money down at InTrade betting that this was going to happen. Now how am I supposed to get my money!?

    --
    The only thing necessary for evil to triumph is for it to be pitted against a slightly greater evil