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Submission + - U.S. regulators sue Intrade, Intrade blocks US accounts (washingtonpost.com)

Charliemopps writes: “We are sorry to announce that due to legal and regulatory pressures, Intrade can no longer allow US residents to participate in our real-money prediction markets,”

The CFTC’s civil complaint charged that Intrade and its operator solicited customers to trade investment contracts that technically are options. Options must be traded on approved, regulated exchanges.

Well... at least they're going after the real crooks right?

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U.S. regulators sue Intrade, Intrade blocks US accounts

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Chemist who falls in acid will be tripping for weeks.