The popular website Intrade allows its users to bet on the odds of almost anything — like whether Syrian President Bashar al-Assad will get ousted by a certain date, or whether the movie Argo will win best picture at the Oscars.
This week, Ireland-based Intrade announced that U.S. users will have to unwind their bets and shut down their accounts by the end of the year. That's after the Commodity Futures Trading Commission sued Intrade for operating an unregistered exchange.
Intrade, the prediction website that accepted bids on, among other things, the result of the presidential election, is shutting its operations to U.S. customers. The move came Monday just hours after the Commodity Futures Trading Commission accused the Ireland-based company of violating the agency's ban on off-exchange options trading.
Here's more from Intrade's news release announcing the move: