Intrade, a website dedicated to online trades and bets, announced on Monday that it would no longer allow U.S. customers to participate in its exchange. The announcement comes following a lawsuit filed earlier today by the U.S. Commodity Futures Trading Commission, which regulates the trading of futures contracts. The agency took issue with the fact that Intrade offered trading to U.S. customers on the future prices of commodities such as gold and crude oil, despite a previous agreement not to do so.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=163229