Tag Archives: prediction market
- Bookies beat pollsters in forecasting Scotland’s independence referendum vote
September 19, 2014
After Scotland voted ‘No’ to the idea of exiting the United Kingdom on Thursday, the only man happier than Prime Minister David Cameron may have been the William Hill punter who bet nearly £1m on the ‘No’ side prevailing. The unidentified bettor wagered £900k in a series of four wagers...
- Bitcoin gambling site SatoshiDice sold to unknown purchaser
July 18, 2013
SatoshiDice (S.DICE), the pioneering online gambling site that utilizes the Bitcoin crypto-currency, has been sold to an unidentified buyer for ฿126,315 (around US $11.5m). The sale, which was announced Wednesday by owner Erik Voorhees on the BitcoinTalk forum, equates to ฿0.00126315 per share, a 175% premium to the company’s present...
- US financial regulators sue binary option traders Banc De Binary
June 7, 2013
Online binary options trading outfit Banc De Dinary Ltd. (BDB) has been slapped with lawsuits by US stock regulators for offering services to US residents without the necessary licenses. Both the US Commodities and Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) filed civil suits in Nevada...
- 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...
- 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...
Augur project bets on future
August 13, 2015