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InTrade Abruptly Shuts Down

No word whether the move is permanent
By Evann Gastaldo,  Newser Staff
Posted Mar 11, 2013 6:50 AM CDT
InTrade Abruptly Shuts Down
A message on InTrade's website.   (InTrade)

(Newser) – InTrade, the Ireland-based betting site on which you could wager on the presidential election and other non-sports events, abruptly shut down yesterday, AllThingsD reports. An official statement on the website cites possible "financial irregularities" that require it to cease operations, but does not give any details. The move, which may or may not be permanent, comes after InTrade already gave US-based users the boot, the Daily Intelligencer notes. They were kicked off after the Commodity Futures Trading Commission sued InTrade for securities and commodity trading violations last year. (Read more Intrade stories.)

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