11/5/2006 11:52 PM
TradeSports (SBR rating C+) sellers complain of retroactive fee increases. Some sellers of political contracts on TradeSports.com will see their profits erased. The exchange-style sportsbook has applied its new fee structure on future markets that are already in play. Traders contend that this is the equivalent of a sportsbook altering the payout of a wager after it was accepted. TradeSports has received two straight downgrades from B- to C+ due to costly errors in setting predicition markets and complaints regarding the new fee structure. SBR expects additional complaints once political contracts are settled.

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