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CFTC Charges Online Betting Market Intrade With Violations of Commodities Exchange Act, seeks Refunds for Customers

The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit in the U.S. District Court for the District of Columbia alleging that online betting market Intrade and associated companies violated the Commodities Exchange Act by facilitating illegal off-exchange trading in options contracts. The complaint is accessible below. Intrade operates…

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