Why did John Delaney shut down TradeSports?

No Gravatar

He has offered 2 different explanations.

EXPLANATION #1: Let&#8217-s blame the Unlawful Internet Gambling Enforcement Act of 2006.

We underestimated the difficulties that current and new customers would experience in funding accounts and partly as a result of this we have reluctantly decided to close TradeSports. While we are not hopeful that funding issues may dissipate soon, should they TradeSports will be back and it is therefore an imperative for us to effect and orderly and goodwill preserving closure for you all.

EXPLANATION #2: In spite of the InTrade-TradeSports splitting (sold to the gullible people since January 1st, 2007), TradeSports is the gambling stigma attached to InTrade. It is good business to get rid of that gambling stigma.

The closure of TradeSports is a good for Intrade as for too long the legacy association of Intrade to TradeSports has been a negative for Intrade for reasons that have been referred to above.

Chris F. Masse

10 thoughts on “Why did John Delaney shut down TradeSports?

  1. TradeSports & InTrade - The saga continues… | Midas Oracle .ORG said:

    […] Previously: Why did John Delaney shut down TradeSports? […]

  2. Chris F. Masse said:

    Is this the reason John Delaney quickly shut TradeSports down, yesterday? | Midas Oracle .ORG

  3. Is this the reason John Delaney quickly shut TradeSports down, yesterday? | Midas Oracle .ORG said:

    […] Previously: Why did John Delaney shut down TradeSports? […]

  4. World's #1 finance blogger withdraws all his money from InTrade… and blogs about it -detailing his negative customer experience to his thousands of Wall Street readers. | Midas Oracle .ORG said:

    […] Previously: Why did John Delaney shut down TradeSports? […]

  5. TradeSports & InTrade - The saga continues… | Midas Oracle .ORG said:

    […] Previously: Why did John Delaney shut down TradeSports? […]

  6. Chris F. Masse said:

    Is this the reason John Delaney quickly shut TradeSports down, yesterday? | Midas Oracle .ORG

  7. Is this the reason John Delaney quickly shut TradeSports down, yesterday? | Midas Oracle .ORG said:

    […] Previously: Why did John Delaney shut down TradeSports? […]

  8. World's #1 finance blogger withdraws all his money from InTrade… and blogs about it -detailing his negative customer experience to his thousands of Wall Street readers. | Midas Oracle .ORG said:

    […] Previously: Why did John Delaney shut down TradeSports? […]

Leave a Reply to A Canadian event derivative trader reflects on the future of InTrade and Tradesports. | Midas Oracle .ORG Cancel reply

Your email address will not be published. Required fields are marked *