InTrade shut down

Unarmed Gunman

Medium Pimpin'
May 2, 2007
7,339
288
0
The D
www.googlehammer.com
With sincere regret we must inform you that due to circumstances recently discovered we must immediately cease trading activity on www.intrade.com.
These circumstances require immediate further investigation, and may include financial irregularities which in accordance with Irish law oblige the directors to take the following actions:

  • Cease exchange trading on the website immediately.
  • Settle all open positions and calculate the settled account value of all Member accounts immediately.
  • Cease all banking transactions for all existing Company accounts immediately.
During the upcoming weeks, we will investigate these circumstances further and determine the necessary course of action.


Source
 


Wow, wonder what happened.

may include financial irregularities

That doesn't sound good....

That site is crazy imo though. Is anybody really using it for anything other than gambling? I mean you can bet on the chances of an earthquake happening lmao...