InTrade CEO John Delaney’s 2 risky bets
Chris F. Masse November 19th, 2008
- Their upcoming “business development initiatives” will magically generate new, sustainable revenues.
- The CFTC will soon allow InTrade to export its Irish services, legally, to the Americans.
Each of those bets is risky —and InTrade need to succeed on both fronts. It will be very difficult.
Best of luck to them —luck is what they will be needed.
-
- Analysis (Industry) , Exchange / Market Management , Exchanges & Markets
- Comments(1)
This is as much an opportunity for the CFTC as is for Intrade. If the Americans can’t detect a win-win situation when it is right in front of their eyes, then what hope is there for any of us ? There will just be more blood on the streets. More people perhaps, like that guy in the UK, who killed himself with a chainsaw. More people perhaps who want to make a statement as we enter this depression.
John Delaney is right about one thing, it is all about transparancy.