Saying Goodbye to a Friend?

In full disclosure, I really like the idea behind the website Intrade. For the uninitiated, Intrade is a prediction market where people can make bets on everything from the over/under on movie opening profits to when scientists will find elemental particles. It was has also created a lot of fodder for posts.

While it is interesting, it doesn't necessarily follow that the site has a good business model or proper safeguards in place. Which is why it seems as if we may soon need to say goodbye to a site Blawgconomics would consider to be a kindred spirit in exploring the supply and demand of everything, profit-driven (perhaps appropriately) it may have been.

1 comment:

  1. Not to mention that it's been shut down for U.S. trading by the CFTC -- a move that BlawgConomics foresaw: