Apparently the famous online betting/prediction site Intrade has shut down under mysterious circumstances. This probably won't shock most people; concern about these sorts of situations have been part of the criticism of these sites for a long time.
What's interesting is that many lamenting the loss are not gamblers. Intrade had a wide following because it allowed betting not just on traditional events like the outcome of sports, but also social and political issues. The site was widely seen as a very interesting and often accurate way of assessing public mood, and was used often by researchers.
The story I heard on NPR ended with a clever joke about how sad Intrade regulars will be that they can't use the site to bet on whether or not Intrade will ever be back in business.
What's interesting is that many lamenting the loss are not gamblers. Intrade had a wide following because it allowed betting not just on traditional events like the outcome of sports, but also social and political issues. The site was widely seen as a very interesting and often accurate way of assessing public mood, and was used often by researchers.
The story I heard on NPR ended with a clever joke about how sad Intrade regulars will be that they can't use the site to bet on whether or not Intrade will ever be back in business.
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