Predictions betting firm InTrade shuts down United States account-hopers following a lawsuit by the Commodity Futures Trading Commission:
http://www.boston.com/business/news/2012/11/26/feds-charge-intrade-with-illegally-allowing-bets/0THilRNeUDd3bHCGkBjVRP/story.html Intrade boots US customers after federal charges By DANIEL WAGNER WASHINGTON (AP) — Intrade, the online prediction market that gained popularity as an informal oddsmaker for the presidential election, shut itself to U.S. customers Monday after regulators charged it with illegally facilitating bets on future economic data, the price of gold and even acts of war. Hours after the Commodity Futures Trading Commission filed a complaint in federal court, Intrade posted in its user forum and on its news page that it could no longer allow U.S. residents to trade ‘‘due to legal and regulatory pressures.’’ U.S. residents must begin closing their accounts and withdrawing their funds immediately, the website said. It said customers must resolve open predictions by Dec. 23 or the site would assign them ‘‘fair market value’’ and close them. -- You received this message because you are subscribed to the Google Groups "World News Now Discussion List" group. To post to this group, send email to wnndl@googlegroups.com. To unsubscribe from this group, send email to wnndl+unsubscr...@googlegroups.com. For more options, visit this group at http://groups.google.com/group/wnndl?hl=en.
