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Commodities Briefing - Categorized | Market Moves, Regulatory, Trading more

Intrade is in trouble, but is political betting over?

Posted on 27 November 2012

While Intrade is best known for offering a prediction market for gamblers to bet on the outcome of elections — and, as a byproduct, an ever-changing set of odds for who will win those elections — you don’t see that side of the business mentioned anywhere in the complaint. Instead, again and again, you find reference to Intrade letting U.S. residents gamble on things already under the coverage of financial markets and their regulators: commodity prices, market movements, economic data and so on.
That reflects the CFTC’s original 2005 complaint against Intrade, which focused on its offering of “commodity option contracts” and made specific mention of Intrade bets on gold and oil prices, currency exchange rates and interest rates………………………………………..Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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