Americans cannot legally gamble on Intrade. It is mostly used by Europeans, who are heavily swayed by MSM reporting and polling.
The Intrade forum says that, so far, Americans are trading on it (82,000 Intrade account holders are American).
United States citizens can send a personal check to intrade to load up their account, and then wager on current event happenings. However since it takes almost a week for the check to get there, and another close to 10 days for your personal check to clear, a cashier’s check is faster. But they only accept a max of $500 on a cashier’s check. To make a quick steal on Intrade.com , therefore, you need to have your account already set up and loaded.
They will not take a United States based credit card though, due to 2010 banking regulations.
An example of this is how we bought into positions of “Romney to win” when the price was $22 / $78— back several weeks ago in late September before the first debate. Then when the price shot up quickly over $33 to $35, we cashed out —making over 50% on our bet in a little over a week!!
The price has pretty much held steady since then at about $39/ $61
Another fun thing, is if you have an account at intrade, you can talk smack on intrade’s forum at/to the leftwingnuts who are invested in the opposite positions, and spike the football after you’ve won. That’s not looked at as being a “good winner”, but anyway, it is fun to take their money, and rub their noses in it.