What's Wrong With a Prediction Market Like Intrade?

What's Wrong With a Prediction Market Like Intrade? Play

March 11 (Bloomberg) -- Intrade, an online service that lets people bet with one another on events such as elections and the weather, ceased trading activity, saying it is investigating possible financial irregularities. The Casino Group Attorney Cory Aronovitz and Bloomberg Contributing Editor Matthew Dowd speak on Bloomberg Television's "Street Smart."

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