Discussion in 'Retail Brokers' started by IronFist, Nov 18, 2008.
i thought it was a betting site but you can go short?
If you bet against something you are essentially short...
Most of what they offer are just binaries, that settle @ $10 if the event happends.
Intrade offers the ability to bet both sides on every contract. Sometimes the spreads are quite wide, especially for less traded contracts. The contracts are valued between 0 - 100 based on the probability the market assigns to the event's likely outcome. There are no margins so no need to worry about counterparty risk. Once a contract's outcome has been determined (based on fine print for each contract) Intrade automatically settles it at either 0 or 100 and charges a fee per contract if you settle in the money.
I wrote about Intrade a few months back.
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