Latest posts for the topic "Tradesports is shutting down"

Tradesports is shutting down

ark — GMT

http://www.tradesports.com/ In those days when TS and Intrade exist as a single entity, TS seems far more profitable then the Intrade markets and now TS is shutting down?! --- Leaving Intrade... all alone? Tough times ahead? Or a move for further expansion or something??

Tradesports is shutting down

JohnRemington — GMT

My guess, and this is just speculation, is that Intrade is strategically positioning itself to formally re-enter the US market. They want to be a "prediction market" not a gambling site. In other words, they want to be fully legal, not exist in the gray area they do now. Having a sister site where people can bet on sports undermines this. It makes a lot of sense, too. There are plenty of places to bet on sports, and even to trade sports on exchanges. There's only one place to trade politics, economics, current events, etc. with high volume: intrade. If they play their cards right, they could one day be seen in the same way as the NYSE or CMEX.

Re:Tradesports is shutting down

Delphi — GMT

I hope that JohnRemington's supposition is on target. It would be nice to have Mr. Delaney chime in on this as soon as he is comfortable making public comment. I do hope that Intrade is on solid ground into the forseeable future. I have noted that the exchange has gotten increasingly regular mention in the American media as a gauge of likelihood for ongoing events. That can only help if they are again trying to get the CFTC to recognize them.

Tradesports is shutting down

MoneyMetalBets — GMT

Chris Masse at Midas Oracle chimed in about the future of Intrade: http://www.midasoracle.org/2008/11/19/tradesports-viability-intrade/

Tradesports is shutting down

ark — GMT

MoneyMetalBets wrote:

Chris Masse at Midas Oracle chimed in about the future of Intrade: http://www.midasoracle.org/2008/11/19/tradesports-viability-intrade/

This does not look good...

Re:Tradesports is shutting down

ark — GMT

After the demise of TradeSports, questions (re-)surface about the viability of InTrade. Chris F. Masse November 19th, 2008 My post about the sudden closure of TradeSports was the #2 most downloaded webpages, yesterday —even though that post was published late yesterday. And this morning, I am receiving tons of e-mails from the InTrade and TradeSports traders (they are often the same people). My reasoning: 1.InTrade is the twin site of TradeSports. 2.The closure of TradeSports was sudden. 3.The TradeSports owners have closed shop less than 2 months before the SuperBowl —the biggest $$$ drawer. 4.Now that the 2008 US presidential elections are over, the InTrade heyday is over. No more liquidity. No more media coverage. See you in 2010 and 2012. 5.If TradeSports couldn’t survive the Unlawful Internet Gambling Enforcement Act of 2006, I don’t see how a lean InTrade could do. 6.InTrade CEO John Delaney is not a truthful person. It is unlikely that any statement from him about the viability of InTrade should be taken seriously. 7.Midas Oracle used to received many daily server requests from the InTrade-TradeSports team in Ireland. The recent web stats show a sudden drop. This might signal that some key employees are in vacation —or have been laid off. TAKEAWAY: The InTrade traders should prepare themselves for the worse —the sudden closure of InTrade.

I hope he is not serious.. Well, just wait for Intrade to announce their intentions..

Re:Tradesports is shutting down

John Delaney — GMT

A Future on Intrade’s Future Both myself and the Intrade team are fully prepared for developing our business in 2009 and beyond irrespective of the funny conspiracies to the contrary. But partly thanks to same and indeed the questions from you our members it gave me an idea for some new markets – event futures on Intrade’s future. We have accordingly listed 4 new on whether Intrade.com will open and operational at the end of June 09, December ’09, June ’10 and December ’10. https://www.intrade.com/index.jsp?request_operation=trade&request_type=action&selConID=659099 For transparency... Since the end of election our volumes are down and that means that our income is down. However we do have a number of business development initiatives that been on paralyzed while we were in full sprint mode up to the election. We now have the time to focus on these. While it may seem perverse, 4 out of 5 of the senior team are glad the election is over for this same reason. The closure of TradeSports is a good for Intrade as for too long the legacy association of Intrade to TradeSports has been a negative for Intrade for reasons that have been referred to above.

Re:Tradesports is shutting down

Strangelove — GMT

It has been, I'm sorry to say. My previous bank couldn't quite get it through their heads that Intrade and TradeSports were two separate enterprises. I argued with them extensively, but they had, as the bureaucracy they are, made up their minds. I switched banks. Good luck, I hope this move benefits the exchange greatly.

Re:Tradesports is shutting down

Todd73NJ — GMT

Maybe your bank couldnt recognize that fact because the checks were drawn off the same bank account wether you withdrew from TS or Intrade? As far as the statement of the closure of TS helping intrade - maybe in theory - but how about in confidence? TS made it VERY VERY VERY simple to move your funds to Intrade upon request, but difficult to move them elsewhere. Seems like a play to me. And once again referring to Chriss Masse's site for some good reading, http://www.midasoracle.org/predictions/nkm-scandal/ I have previously discussed this "split" with John Delaney in email, and since the email was labeled "Confidential" - I will leave it as such. But there is so much more than meets the eye here. I would not put it past the management of this site to boost the appearance of volume on their own to create a false confidence. As a trader who used to love Tradesports (and Intrade) - I was not sad to see them go. The arrogrance of the management was disgusting. Let them mask the real issues as they may - but this is not soley because of lack of funding. Spin it, twist it, turn it - but when its all said and done, did you expect Intrade to say they too may be in trouble? Todd SportsTradingChatter.com

Re:Tradesports is shutting down

ark — GMT

So I was looking around the site... Todd, you're famous. >.> I think 04/05 was the best of times here..

InTrade-TradeSports to Todd Griepenburg: GO TO HELL. Chris F. Masse February 26th, 2007 Here’s the text of the sarcastic fake newspaper article written by”drugtest”, a TradeSports-InTrade trader. This image was posted on the TradeSports-InTrade forum and was immediately taken down by the exchange management. TS to Todd: Drop Dead! In a stunning and unforeseen move, the management of the once-popular Irish trading site TradeSports.com has invited one of its high-volume members, Todd73NJ, to close his account after he had suggested several ways to improve the site. Although Todd’s suggestions were clearly intended to improve the trading experience for TS’s members, TEN management characterized his comments as a “diatribe” and said that they no longer intend to “be part of or facilitate” them. Then, in a move destined to revitalize the concept of customer service, TEN suggested that Todd close his account or cease trading. Reaction in the TC chat pit to these developments ranged from astonishment to weary recognition, as some members suggested that TEN’s suggestion was a logical extension of its previously displayed management style. One member was quoted as saying, “That’s smart, inviting Todd to leave. Who needs customers. All they do [is] complain anyway.“

Re:Tradesports is shutting down

zman — GMT

So where are TradeSports members going? Is there a comparable site (0-110 pricing, etc.)?

Re:Tradesports is shutting down

Todd73NJ — GMT

Ark, That is so classic. TS management blew a fit over that. I thought it was very funny and well written. But in all seriousness - they ignored the issues for so long - and they didnt evolve as other sites did to get around the laws. The same goes for Intrade though - ignoring so many siggestions from many members. But thats how their management works. What I find very comical - scan the old messages here on this forum - they moved over messages from the old forum from everyone BUT me. They dont want anyone telling it how it is. Stop past my website some time - live Java chat pit - all the old TS users are there.. lots of Intrade users too. You too Zman! Todd SportsTradingChatter.com

Re:Tradesports is shutting down

ark — GMT

Surely now you have moved on from the blacklist to the shitlist for saying that... LOL It is their forum and they could moderate whatever they like. Now I'm starting to see why the chat pit was closed, as more and more users were complaining, among many other things..

Both myself and the Intrade team are fully prepared for developing our business in 2009... - John Delaney

I think from this point on you can only take their word on it. Although it might be good idea to get a new team..

Re:Tradesports is shutting down

Todd73NJ — GMT

The truth hurts sometimes. And some places dont like to hear the truth! Tradesports and Intrade are two places like that.

Re:Tradesports is shutting down

anthalon — GMT

There isn't another online sports trading website. It's sad. For my part I might not be sports betting anymore. I thought TS made a mistake when they got rid of the liquidity providing price break. Also when they removed the message board I was dissappointed big time. All the same, I'm extremely sad to see them go, especially at this time of year.

Re:Tradesports is shutting down

zman — GMT

I'm extremely upset as well. Didn't realize and very surprised not a single comparable site exists! Selling the TS platform with/without its brand is not an option? Quite the no-brainer, win-win opportunity there for both InTrade and some buyer. Am I missing something?

Re:Tradesports is shutting down

Todd73NJ — GMT

There certainly is, Anthalon. More reputable than TS imo also. TS slowly broke down their site - bec just as Intrade - they did not want people "complaining". No forum, no chat, less live help hours, blah blah. Why listen to customers? You are out customer now - so we no longer care what you think.

Re:Tradesports is shutting down

lisasmu — GMT

why wouldn't tradesports seek an unaffiliated buyer? the site must be worth a considerable amount to someone who doesn't have to worry about the relationship with intrade. i think even if intrade wants the name "tradesports" to go away, the expertise and customer base of tradesports would be worth something to another player - why was tradesports closed instead of sold? thanks

Re:Tradesports is shutting down

lisasmu — GMT

anthalon?????

Re:Tradesports is shutting down

Todd73NJ — GMT

I tried, Lisa, but no response from TS. I emailed you a response from your email. Hopefully you stop past my website.

Re:Tradesports is shutting down

andywend — GMT

Todd, I have NEVER heard you say one positive thing about TradeSports or Intrade after all these years. While there is always room for improvement when it comes to running these sites, I question what your objective was concerning your numerous criticisms that you voiced in these forums. After what must have been your 100th publicly voiced complaint, I can understand why the management at TradeSports and Intrade indirectly told you to take your business elsewhere if you're so displeased with the quality of service they are providing. I'm sure they just got tired of hearing to your constant complaining.

Re:Tradesports is shutting down

John Delaney — GMT

andywend wrote:

Todd, I have NEVER heard you say one positive thing about TradeSports or Intrade after all these years. .

Andywend, I am very appreciative for your support. Thank you. The fact that any one member is typically the very first or loudest or has the greatest endurance to highlight a real or anticipated weaknesses is valuable to me and indeed Intrade. While it is not always easy to have your weaknesses pointed out, it is always better to be aware of them. Members such as Todd and others perform a valuable free service for Intrade. I also view it as a positive sign that some are so energised to encourage us to improve they invest time and energy to re-publish the issues on other chat rooms and blogs for support. I expect my view may seem contrarian, particularly if you are of a certain mindset. Where I do draw the line however and what I will not tolerate is when I believe that there is some ulterior motive at play, where the posts are damaging to Intrade and/or are in contravention of the T&C’s or rules. In such circumstances that member will be quickly banned. Best regards from Dublin on a rainy Sunday morning. John

Re:Tradesports is shutting down

Todd73NJ — GMT

Actually Andy, you are wrong. But I have no way to prove that to you - Bec they deleted selected users posts when they transfered the databases. In the years that I have traded here - judging by past lot count movements - I was one of the most active traders on either site before the split - but a good portion my business has moved elsewhere. I have always said TS/Intrade was a very safe place to have your money and never questioned that. I have also been complimentary of the platform and lay out of the system. However - when issues are brought to their attention, they immediately dispell them with the we know better attitude. When you provide them with EXACT data to close their contracts - they chose to continue to use arbitrary data. When you tell them at least 3 or 4 times that their site crashes in peak usage periods - and it takes over two years to get it fixed. How would you react? Unless you dont care - or dont trade. Do you like being deceived about how you can move your money and what website you are really depositing too when checks from Intrade and Tradesports are coming from the same bank account and no one will answer why? I would welcome the management of TS/IT to post up how much money in fees/commissions I have contributed over my 2+ yr lifetime at TS and Intrade. And maybe that would show you that my concerns are based on my contributions. My trading here has been greatly reduced as of late for both IT and TS. But there will always be those that are satisfied or wont voice their displeasure ever. Plenty of people agree with you Andy, but plenty also agree with me. And of course, Intrade management will love you.

Re:Tradesports is shutting down

vladice — GMT

I don't know if intrade drives up the volume by using their own money. But I wouldn't mind at all if they do that. In fact I encourage them. If they can drive up the volume for HIGGS.BOSON.DEC09 even near the current price, I'm happy to short it. Their money is as good as anybody else's.

Re:Tradesports is shutting down

Todd73NJ — GMT

Many deceptive practices. But the most decpetive is two sperate websites. Evern this morning - with no contracts listed on TS - Both Intrade and TS have the same message up, word for word. "We are currently experiencing technical problems and all trading services are offline. We are working to correct this ASAP. Please accept our apologies for the inconvenience."

Tradesports is shutting down

JohnRemington — GMT

Todd, I've only ever seen you do two things on these forums: make baseless complaints about Intrade, and spam your sports chatter site. I'm totally unsurprised that management has chosen to edit or remove your posts.

Re:Tradesports is shutting down

zman — GMT

John Delaney, The sudden TS closure news was very disappointing, as other sports trading pricing just don't compare. So this situation begs the question: why not sell the unique TS platform, with or without its brand name? Obviously, members and competitors alike recognize TS's considerable market value. Selling TS satisfies your former loyal members, AND you reap the $ profits. Your Forum participation here is appreciated. I will continue to be an Intrade member, although frankly not nearly as active as I was with TS. Please explain why TS has not been sold, or better yet surprise us that good news may be around the corner. Thanks in advance to your explanation. Regards, -zman

Re:Tradesports is shutting down

ark — GMT

It is old news that TS and Intrade has always been a single entity. As I have said in my earlier post which has been moderated... "As long as Intrade does not end up like this." *Inserts empty office pic* All is well. :P

Re:Tradesports is shutting down

John Delaney — GMT

Please see this post... http://www.intrade.com/forum/?forum=/intradeForum/posts/list/3222.page This forum is not to be used for discussing that business effectively immediately. Any posts attempting same will be removed.