New Year Update
Posted by Jesse Livermore on Sunday, January 3, 2010
I’-ve been gone for a while. There just hasn’-t been that much happening on Intrade, and I’-ve been focusing on neuroscience.
Intrade has definitely gotten tougher over the past year. I think the 2008 election drew in a lot of people who weren’-t very good at politics or gambling. By now those people have either lost their money or gotten better. Hopefully the 2010 elections will draw in a new crop.
In the mean time, Intrade’-s management has not done a great job in developing the brand. My impression is that volume is off by more than 50% compared to last year. Chief difficulties:
– Absolutely no advertising whatsoever.
– Diminished interest in politics in an off-year.
– Getting money onto the site requires a lot of determination and a visit to a gas station to buy a Netspend card.
Future updates on this blog will be less-than-daily, basically when I have an opinion about politics that I feel like sharing.