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Censorship Government The Almighty Buck United States

Prediction Market Site InTrade Bans US Customers 260

Posted by timothy
from the baptists-and-bootleggers dept.
MyFirstNameIsPaul writes "In an announcement dated Monday, Nov 26, 2012, Dublin-based InTrade stated 'that due to legal and regulatory pressures, InTrade can no longer allow U.S. residents to participate in our real-money prediction markets.' The Washington Post reports that the Commodity Futures Trading Commission filed a complaint in federal court against InTrade for 'illegally facilitating bets on future economic data, the price of gold and even acts of war,' demonstrating just how far the long arm of U.S. law can reach."
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Prediction Market Site InTrade Bans US Customers

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