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Intrade Shutdown Hurts Academics

Posted by timothy on from the odds-are-against-immediate-return dept.

New submitter jader3rd writes "Intrade, a popular Irish website that lets people bet on anything, has shut down. In addition to being used by gamblers, Intrade has been used by academics and pundits to track public sentiment. '"... broad crowds have a lot of information and that markets are an effective way of aggregating that information," says Justin Wolfers, "and they often turn out to be much better than experts."' Being forced to lose their U.S. customers couldn't have helped.

2 of 131 comments (clear)

  1. Shit! by Anonymous Coward · · Score: 3, Funny

    I bet this wouldn't have happened!

  2. Re:The question by Anonymous Coward · · Score: 5, Funny

    Come see the violence inherent in the system!