Why did John Delaney shut down TradeSports?

Chris F. Masse November 19th, 2008

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He has offered 2 different explanations.

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EXPLANATION #1: Let’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.

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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.

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5 Responses to “Why did John Delaney shut down TradeSports?”

  1. # TradeSports & InTrade — The saga continues… | Midas Oracle .ORGon 20 Nov 2008 at 1:21 PM

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

  2. # Chris F. MasseNo Gravataron 22 Nov 2008 at 7:25 AM

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

  3. # 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 .ORGon 04 Dec 2008 at 10:49 AM

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

  4. # A Canadian event derivative trader reflects on the future of InTrade and Tradesports. | Midas Oracle .ORGon 07 Dec 2008 at 2:03 PM

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

  5. # Chris F. MasseNo Gravataron 17 Dec 2008 at 6:31 PM

    Related News:
    http://www.ft.com/cms/s/0/d965.....07658.html
    http://www.gambling911.com/gam.....12708.html

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