This is a gambling site and as such, US folks cannot participate.
If you have Europe and Asia speculating, I see how they get the results.
If I can legally get in on this, let me know how to do it.
I could use a few dollars.
From the reading I did you cannot fund your intrade account from an American bank. I guess if you had a foreign bank account, in a country that did not have similar rules, you could fund it. What about the University in Iowa that has futures trading on political events? Is that closed to Americans?
You won't be able to gamble this time around however because they don't take credit cards or paypal from Americans... you have to send them a check through the mail.
As far as their accuracy on presidential elections... for the price of a couple of local TV ads their predictions can be easily manipulated. Plus you have to look at who the majority of “investors” actually are. Most of them are likely Europeans from socialist countries who favor Obama by a wide margin. So although they may be accurate on some things... I wouldn't lose a lot of sleep over their “predictions” for this election.
You are incorrect. I have an Intrade account funded with a international bank wire from my USAA account, although you can also send a check on a U.S. bank. It takes several days for an international wire, and probably 10 days for a check.
I’ve got $5,000 on Romney. It’s a zero-sum game, I either end up with zip or $13,428 on Nov. 7, or whenever the lawsuits and recounting ends. I didn’t fund my account early enough to pick up the big pre-first debate dip in Romney shares to almost $2.00, otherwise I’d be looking at a much larger upside.
I made my trade after carefully evaluating the various polls and methodologies - and gauging the Intrade “investor” base, which I characterize as mostly Obama koolaid drinkers incapable of cognitive thinking.