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.


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.

New York Times

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

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