REPORT: Intrade Set To Offer Frozen Account Holders 50% Of Their Money


Bloomberg’s Joe BrennanĀ is reporting that Intrade will pitch a “survival plan” to clients that would include a 50 per cent payback to those with frozen accounts.

If the online betting website can find a new investment, then it would return all of the customer funds.

According to Brennan’s source, less than $2.5 million of customer funds would be at risk under the plan.

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