06.12.2012 - Prediction markets: Donít bet on it
It now appears that the spotlight may have done Intrade more harm than good. On November 26th Americaís Commodity Futures Trading Commission (CFTC) sued the company for allowing betting on the prices of products, such as oil and gold, which trade on derivatives markets it regulates. (In 2005 Intrade had promised the CFTC not to offer such contracts.) In response to the suit, the firm announced it would no longer let Americans trade on its site. It gave those customers until December 23rd to close their positions...............................................Full Article: Source
Print