If PredictIt has to shut down, will they let traders get their money out?
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On the latest Star Spangled Gamblers podcast "CFTC Makes Its Case Against PredictIt," Pratik says that if PredictIt loses its court case, "it wouldn't be a total shocker" if the PredictIt website were to just go down and traders lose their money.
Will PredictIt provide at least 7 days of warning to allow traders to withdraw their funds? And either auto liquidate everyone's shares, or provide 7 days warning to sell shares.
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@MickBransfield Thanks, I didn’t anticipate the court case dragging out this long. If PredictIt gains regulatory approval then this market resolves N/A, I will extend the close date until that happens or they shut down US trading.
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