Intrade, a New way to Invest

Intrade, the new way to Invest.
Intrade, is a great company. And when I say great, I mean GREAT company! I just saw their website on the news and I am completely amazed.

Intrade allows you to invest on People’s opinions! According to how well an opinion stands (person winning presidency, boycotts in china, etc) Currently, they allow you to invest on the people that are running to be president for the United States of America, and previously they allowed you to vote for the runners of American Idol.

The Current Markets that you can buy from Intrade are, “2008 US Election - 2008 Presidential Election Winner (Individual), Olympic Games - Boycott of 2008 Beijing Olympic Games, 2008 US Election - 2008 Democratic Presidential Nominee, Eliot Spitzer - Eliot Spitzer to be Indicted on Felony Charges, Economic Numbers - US Economy in Recession“.

The website is like investing on the wall street shares. If a certain candidate or a certain opinion wins popularity, then their stock price will go up and when the price goes up you can sell your stocks and make a lot of profit.

When candidate McCain was running up for President, and he lost votes, people thought he was gonna give up and quit, and then all of a sudden he started getting votes and now his stock is way up. Hillary Clinton’s stock is currently going down, and Obama’s stock is staying steady.

Apparently the website is managed from Ireland, because in The US this type of gambling is not allowed, if the owner of the website were to go to the United States, he could face serious charges and end up going to prison.

Intrade is a great way to earn money online. I would start investing there but since the US does not permit it, then I guess there is no chance of me participating in this, but if you live outside of the US then I really suggest you try this.

Here is a video where the Intrade CEO talks to NBC.