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.
Update...50 lots were just traded for Romney at 41.9.