A Bet Or A Prediction? Intrade's Purpose Is Debated

The "prediction market" site Intrade's decision to close in the U.S. highlights how the company exists in a regulatory gray area, somewhere between trading and betting. Intrade says it hopes to operate legally in the U.S. eventually. In the meantime, American users must close their accounts by year's end.

Source: http://www.npr.org/2012/11/29/166177281/y?ft=1&f=1019

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