It is impossible for any InTrade trader to know whether the financial accounting of InTrade is sound or not. Any commercial company surrounds itself with secrecy. Let alone an Irish company that illegally (from the DOJ’-s standpoint) exports its services to Americans.
UPDATE: See the comment #1 there.
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It was impossible for the InTrade traders to divine whether Yahoo! CEO Jerry Yang would step down.
(In passing, note that InTrade has expired this contract hours after the breaking news hit the wires.)
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It was impossible for the InTrade traders to divine whether Unlawful Internet Gambling Enforcement Act of 2006 would be voted and enacted.
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The InTrade predicton markets on the viability of InTrade won’-t reveal ANYTHING about the future of InTrade. It will just aggregate InTrade’-s PR output.
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As for the “-business development initiatives”- planned by the InTrade executives, I wish them the best of luck. However, I remain skeptical, since I don’-t see what can replace the 2008 US elections in terms of attractiveness —-now that the SuperBowl has been sacrificed.
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[…] Previously: The InTrade predicton markets on the viability of InTrade won’t reveal *ANYTHING* about the fu… […]
The new markets reveal there’s a 10% chance (broadly) that Intrade will be out of business “soon”. I think that’s significant. Anyone who believes that’s an understatement has been given the opportunity to make a lot of money, it really is that simple. I think I will just trust the markets, tbh.
Having sports markets is like having troubled assets, or a woman. You can’t live with it or without it. But for Intrade it looks like a dead end, so there’s only one way to go. The man has a plan, but he is going to need a lot of help. And he should have a fresh look at some of Intrade’s internals.
Why did John Delaney shut down TradeSports?
[…] Previously: The InTrade predicton markets on the viability of InTrade won’t reveal *ANYTHING* about the fu… […]
[…] Previously: The InTrade predicton markets on the viability of InTrade won’t reveal *ANYTHING* about the fu… […]
[…] Previously: The InTrade predicton markets on the viability of InTrade won’t reveal *ANYTHING* about the fu… […]