As you are aware, Intrade the Prediction Market Limited ("Intrade") ceased offering trading services to customers via the website Intrade.com on March 10th, 2013.
It appears very unlikely now that Intrade will resume trading services in the way it had operated previously. For this primary reason; as well as not knowing what the future of Intrade.com may be (including its' corporate structure or operating business model), we are instructing all members to immediately request a full withdrawal of their remaining account balance no later than August 15th, 2014.
Please note, in order to process your withdrawal request, Irish law requires customers to provide verifiable identification of any customer we wish to send funds to in order to comply with anti-money laundering guidelines. These requirements were officially put into place on Intrade in July of 2012. More information about Ireland's anti-money laundering legislation can be found here: http://www.centralbank.ie/regulation/processes/anti-money-laundering/Pages/default.aspx
After July 31st, 2014, Intrade will apply a $240 (USD two hundred forty dollars) administration fee to all remaining accounts with positive account balances. For accounts that have less than a $240 balance, the administration charge will be equal to the amount that will reduce the account balance to zero. No accounts will have a negative account balance due to the administration charge.
It is our intention to fully liquidate all remaining customer accounts by December 31, 2014.
Withdrawals may be requested via the website by logging in to your Intrade customer account. Instructions and advice for requesting withdrawals can be found on the FAQ's tab above. If you need any other assistance or have any questions about your Intrade.com account, please contact Intrade Account Services at firstname.lastname@example.org by email.
Thank you for your immediate attention and your gracious support.
Ron Bernstein, CEO
Intrade the Prediction Market Limited
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