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WASHINGTON – U.S. regulators on Monday sued Intrade, the online prediction market that gained popularity as an informal oddsmaker for the presidential election, saying it illegally let customers bet on future economic data, the price of gold and even acts of war.
Kazuo Okada’s counterattack against Wynn Resorts Ltd. for the forced redemption of his shares in February was trimmed at a Tuesday hearing but largely left standing.
Amid more sparring over the corporate divorce of Wynn Resorts Ltd. and former largest shareholder Kazuo Okada, a judge found on Thursday that the company had “in large part” turned over certain documents as previously ordered.
