Enron Trial – All Bets Are Off

http://www.nypost.com/business/66511.htm

BetCRIS, an online gambling site, decided to stop taking bets on the outcome of the Enron trial after the odds so heavily favored guilty verdicts for ex-chiefs Ken Lay and Jeff Skilling that people began complaining about paying too much to bet on a conviction.

The site closed betting yesterday with odds at 1 to 80 that Lay would be convicted and 1 to 100 that Skilling goes down.

This is not directly comparable to the Tradesports wagers which require a certain number of convictions to pay off. By designing a different contract they could have continued to make a market but instead they chose to pull the contract.