Intrade faces $700,000 cash shortfall;
Online prediction betting site Intrade said late Friday that it faces a $700,000 cash shortfall and possible liquidation, an announcement that comes less than a month after it halted trading on its website and froze customer accounts amid federal scrutiny.
County Finance Director Mike Mason said a $2.3 million shortfall is projected for next year due to less revenue from state funding and sales, personal property and real estate taxes.