Finweek English Edition - - SMART MONEY -

The on­line-trad­ing world has been dealt a blow with t he re­cent an­nounce­ment t hat “pre­dic­tion mar­ket” spe­cial­ists In­trade sud­denly dis­cov­ered that it’s miss­ing about $700 000 in client funds and is now ac­tively pur­su­ing claims in ex­cess of $3m for po­ten­tial fraud.

The ob­vi­ous start­ing point is that In­trade can­not and should not be com­pared to a l icensed f inan­cial ser vices provider op­er­at­ing an on­line stock­broking en­vi­ron­ment. In essence In­trade pro­vided a bet­ting ser­vice on any­thing from com­modi­ties to po­lit­i­cal events

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