You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Online betting site halts trading

The online betting site Intrade announced late Sunday that it had halted trading and frozen customer accounts after the company said it had discovered potential financial irregularities.

The firm, which is based in Dublin and allowed consumers to bet on world events like the pending selection of a new pope, already has faced scrutiny from regulators.

Continue reading below

In November, Intrade shut its website to US residents when the Commodity Futures Trading Commission filed a civil complaint accusing the company of offering the contracts outside traditional exchanges and without regulatory approval.

A spokesman for the Central Bank of Ireland said local regulators were not involved in the most recent problems confronting Intrade because the company was not regulated by the Irish central bank.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of