A casualty of “pro-consumer” financial regulation. John Stossel is on the story:
Today, Americans were told that they must close their Intrade.com accounts. That happened because the federal government agency known as the “Commodity Futures Trading Commission” (CFTC) today sued the prediction market, where people from all over the world bet about things like who will win elections.
Intrade decided all its U.S. customers must now close their accounts and withdraw their money from the site.