Tag Archives: intrade
- Augur project bets on future
August 13, 2015
Here’s a blockchain-based prediction market that could potentially become the greatest gambling platform in history. Forget crystal balls. There’s a new platform that will give everyone a chance to see the future and bet on it. The Augur project, coming this fall, will let participants choose any future event and...
- Intrade rescue plan offers former customers 50 cents on the dollar
April 5, 2013
Former customers of shuttered prediction market Intrade have been asked to accept payment of 50 cents on the dollar as part of a plan to resuscitate the Dublin-based company. Intrade abruptly closed its doors in March after auditors detected ‘financial irregularities’ on the company’s books, which included $2.6m in questionable...
- Nevada pol proposes legalizing political wagering in time for federal mid-terms
March 26, 2013
On Monday, Nevada state Sen. Tick Segerblom (pictured left next to an unidentified Kenyan national) introduced legislation that would permit Nevada sportsbooks to take wagers on the outcome of federal election races. Segerblom’s legislation (read it here) would revise the definition of ‘pari-mutuel system of wagering’ to include betting on...
- Intrade audit revealed former owner received $2.6m in questionable payments
March 12, 2013
More light has been shed on those ‘financial irregularities’ that led to Sunday’s abrupt closure of Dublin-based prediction market Intrade. It seems that a month prior to Intrade shutting its doors, auditors had voiced concerns about $2.6m in payments to bank accounts belonging to Intrade’s founder, John Delaney (pictured right),...
- Prediction market Intrade shuts down due to possible ‘financial irregularities’
March 11, 2013
Dublin-based prediction market Intrade has shut down its operations, effective immediately. Customers visiting Intrade.com on Sunday found a notice on the homepage stating that “due to circumstances recently discovered we must immediately cease trading activity.” These circumstances “may include financial irregularities” and require “immediate further investigation.” Accordingly, to comply with...
- Highly-regarded exchange Intrade closes to US customers
November 27, 2012
On Monday, the law caught up with Dublin-based exchange Intrade as the company shut their virtual doors to US customers following a request from a US-regulator with the prediction market citing “legal and regulatory pressures” for the closure. The Commodity Futures Trading Commission (CFTC) filed a complaint in a federal...
Augur project bets on future
August 13, 2015