Monday, March 11, 2013

Intrade shuts down Completely

Fellow traders using intrade might see this message on their website.

With sincere regret we must inform you that due to circumstances recently discovered we must immediately cease trading activity on

The move comes three months after the US Commodity Futures Trading Commission sued to stop the company from offering prediction contracts to Americans, who were the most active users of the site. Intrade made no mention of that case in its notice.

Its reported that company has closed all open positions at fair value.

Further reading from FT [here]

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