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Tradesports Rip

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by Felix Salmon
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Hank Paulson, Serial Revisionist   Watches: Don't Trust the Auctions

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Nov 18 2008 11:51am EDT

Tradesports, RIP

Tradesports, one of the most venerable real-money prediction markets, has closed. I'm not sure what this means for spin-off site InTrade, which recently increased the cost of withdrawing funds. But it can't be good news, especially now that US election fever has passed. Could this be the beginning of the end for such markets?

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