No, it's not just you - I was really excited when I heard of it since I had been forced to stop using Intrade due to the fees (and now Intrade is offlimits period), but as I read through the FAQ and the rules, my reaction was, as I started: ლ(╹◡╹ლ) As the rules began to dawn: ⊙ｏ⊙ And finally: ╰(‵皿′＊)╯︵ ┻━┻

But of course it's still a source of predictions even if you'd have to be insane to use it.