- New York Times & CNBC.

- InTrade co-founder Patrick Young (privately to me) & InTrade investor Dean LeBaron (who quotes Patrick Young).

- Tyler Cowen. Max Keiser. Justin Wolfers. Caveat Bettor. Robin Hanson.

- Here’s InTrade trader Sacha Peter on John Delaney’s personality. And here are all the negative remarks by the blog commenters on various outlets.

UPDATE: John Delaney’s widow is quoted here.

John Delaney, 41, from Ireland, has collapsed less than 50m from the top. He left for the expedition on April 9 and was due back in Ireland at the end of this month. His body will remain where he died.

InTrade’s other co-founder Patrick Young was the first, at time of publication, to express his condolences.

UPDATE: Tyler Cowen. Max Keiser. Justin Wolfers. Caveat Bettor. Dean LeBaron (who quotes Patrick Young). Robin Hanson.

UPDATE: John Delaney’s widow is quoted here.

NEXT: Psychologist and economist George Loewenstein, Carnegie Mellon University, was an avid mountain climber “until I had kids and couldn’t tolerate the risk.” — [TAKEAWAYS]

NEXT: John Delaney’s OB — [RANT]

The app is available in the following countries:

Australia, Bulgaria, Brazil, Canada, Czech Republic, Denmark, Finland, Germany, Greece, Ireland, Malta, New Zealand, Norway, Poland, Portugal, Russian Federation, Spain, Sweden and the United Kingdom.

BetTornado has been designed specifically for the iPad, with different displays to cater for a variety of Sports Betting customers.

While the majority of users will find the simple ‘Bet Mode’ is all they really need, those who wish to trade the markets will find the specially designed ‘Trade Mode’ enables them to place bets very quickly and hedge profits or losses just as they would do with specialist trading software on a computer or laptop.

The extensive range of features has been designed by people with years of hands on experience trading the Betfair markets.

A third display, “Watch Mode” enables the user to choose individual selections from a variety of markets across different sports and load them all onto the same screen. Bets can then be placed on this screen as the desired odds are reached without having to keep checking different markets.

By including a ‘Training Mode’ which uses play money to place imaginary bets on Betfair, BetTornado also gives users a chance to learn how to use the software without risking losing real money.

http://twitter.com/BetTornado

- Retired payments.

- Trading the news.

More.

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http://itunes.apple.com/gb/app/betfair-client/id347621336

Previously: InTrade-TradeSports’s country is on the brink of insolvency.

Fears are growing that Ireland could default on its national debt after the cost to insure against possible losses on loans to the country rose to record highs at the end of last week.

Credit ratings agency Moody’s recently followed rival Standard & Poor’s in warning it might downgrade Irish debt, amid fears that one of Europe’s former success stories is falling into a deepening recession. [...]

Ireland last week announced an additional €7bn (£6.3bn) injection into its top banks, Bank of Ireland and Allied Irish Banks, which are suffering from an increase in bad loans.

Revelation Rocks Bank in Ireland

By MATTHEW SALTMARSH
Published: December 19, 2008

A major Irish bank was shaken Friday by the revelation of 87 million euros, or $125 million, in undisclosed personal loans to the bank’s chairman — prompting his resignation as well as that of the bank’s chief executive. Sean FitzPatrick, chairman of Anglo Irish Bank, announced his resignation late Thursday after regulators discovered that he had hidden the personal loans from shareholders. The bank’s chief executive, David Drumm, also resigned. The scandal sent the shares in the bank plummeting [...]

A statement Friday from the regulator, the Central Bank and Financial Services Authority of Ireland, said it became aware this year of “matters surrounding loans from Anglo Irish Bank to Sean FitzPatrick.”

“While it does not appear that anything illegal took place in relation to these loans, the financial regulator was of the view that the practices surrounding these loans were not appropriate,” the statement said.

Analysts said the scandal could affect the pace of the government’s support for the banking sector. [...]

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InTrade:

Where is my money held?

Your funds are held in segregated accounts with Irelands largest banks including National Irish Bank, and Anglo Irish Bank which. Your funds are completely separate and distinct from the Exchanges own reserves.

To provide additional transparency we have introduced a unique service where an individual member can have a specific account established at our bankers within the suite of segregated accounts. Contact us for more details.

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