Economy

xchrom

(108,903 posts)

24. Betting Site InTrade Is Completely Shutting Down Trading

Mon Mar 11, 2013, 07:12 AM

Mar 2013

http://www.businessinsider.com/intrade-shutting-down-2013-3

Well-known online betting site InTrade is completely shutting down trading, according to a memo posted to its site. It's unclear if it will ever open again, as the language is rather vague.
The news was first noticed by Wealth.net.
The full text of the memo is pasted below the dotted line. The memo hints at restoring services eventually, although the wording is very vague.
The Ireland-based InTrade was always controversial and popular during election season, as it allowed betters to gamble on various political outcomes (and other event-based outcomes).

Read more: http://www.businessinsider.com/intrade-shutting-down-2013-3#ixzz2NEEsCMQd

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