Intrade is apparently shut down due to missing cash

[GS]

I never used Intrade, but I did visit quite a bit during the 2012 political battles.  For those of you not familiar, they sold what they called futures contracts for event predictions.  For example, you could buy and sell Romney or Obama futures, and be paid out based on who wins.   Some people just called it straight out betting.  They were banned from holding accounts for US citizens in late 2012.  Pretty scarey to see how these loosely regulated "investment" sites can go south fast.

http://www.intrade.com/v4/home/" class="bbc_link" target="_blank">http://www.intrade.com/v4/home/

[Fred]

Missing cash?  https://forum.lendacademy.com/Smileys/default/shocked.gif" alt=":o" title="Shocked" class="smiley" />

Reminds me of MF Global.

[TravelingPennies]

Yeah, this is the opening statement on the front page of their website:

Quote

[ee1x]

Does anybody know if other companies might be venturing into this space soon?