Originally appeared in Pacific Standard.
More than 200 climbers are entombed in the ice on Mount Everest. When wind clears the snow away, clothing and limbs sometimes surface like saplings in a spring thaw. You can tell the older victims by their mid-century ice axes and crampons. The latest are recognizable by their branded parkas and iPhones, still loaded with text messages and snapshots.
The 2011 climbing season drew its usual clientele of rich mountaineers, and it left four more dead, at least one of whom had been trading messages with his office until days before his death. A goateed Irishman of 42 with the gaunt, taut look of a fitness obsessive, John Delaney ran the Dublin-based betting site Intrade, a playground for speculators whose interests extended beyond sports and stocks. At the time, Intrade allowed users to bet on the outcomes of a wide range of events—elections, legal cases, TV talent shows, hurricanes—and to buy and sell their bets using a dynamic stock market-like interface.