233
Prediction market trader 'Magamyman' made $553,000 on death of Iran's supreme leader (www.npr.org)
submitted 8 months ago by to c/aboringdystopia@lemmy.world
30 comments fedilink hide all child comments
 

An account trading under the username "Magamyman" made more than $553,000 placing bets on the prediction market Polymarket that Iran's Supreme Leader, Ayatollah Ali Khamenei, would be out of power just before an Israeli strike killed him on Saturday.

....Under U.S. commodity trading laws, making trades based on death and war are illegal, since those kinds of bets create a financial reward for violence, human suffering and geopolitical instability.

you are viewing a single comment's thread
view the rest of the comments
[–] 1 point 8 months ago (2 children)

If there's at least 2 outomes people should be able to have a punt. I don't know what the rest of you are going to do in the apocalypse if you can't bet on anything/ everything. Also I'm confused why you think we need an app or a big corporation. You basically just need another person.

  • permalink
  • fedilink
  • source
  • hideshow 2 child comments
    •