prediction markets used to be illegal, and should be once again. anyone betting on tragedy like this should be banned from any form of gambling that is allowed
but nothing will happen because the system is corrupt and people are garbage
prediction markets used to be illegal, and should be once again. anyone betting on tragedy like this should be banned from any form of gambling that is allowed
but nothing will happen because the system is corrupt and people are garbage
Makes arson a pretty lucrative activity. This betting on tragedy shit is peak gilded age disaster brewing.
If I hear anyone mention that they participate on these markets, I instantly look down on them. Fucking pathetic garbage. You want to make money? Do some fucking work. Contribute to society in some way. Betting on whether a wild fire will consume a town, or a school will be bombed, or a country toppled, makes someone a irredeemable piece of shit.
Honestly, the whole goddamned stock market should be razed to the ground, salted earth. Workers need to be the ones in control of the companies, not those who think money is what can buy power and control. It all serves to funnel paper up to the capitalists who control it all. How are prediction markets any different? Burn it all down.
Occupy Wall Street should've been the start of burning it all down.
I used one to bet on a football game when they first came out, but all the non-sports things to gamble on gave me the ick pretty fast. I’m not even a big gambler but if I decide to add some extra spice to a game i plan to watch in the future I’m just going to a sports book, casinos are scummy as hell but for the most part gaming regulations are followed on at least a surface level and you can’t win money on the purposeful suffering of other people or something equally tragic. Or you couldnt last I checked
The ubiquity of gambling culture is killing sports too, which is also much less of a danger but speaks to how when completely unchecked it will ruin everything. I don’t know too many fans of any sport that don’t at least kinda think things are so out of hand it’s calling the legitimacy of the game into question
Tbf a big portion of the stock market - ie oil and arms industry investments - has been "betting whether a school will be bombed or a country toppled" for a long time. This is just a more mask-off version of what America has always been.
Which I don't say to defend it. Exactly the opposite.
Okay calm down everybody, they clearly have it stated in their terms and conditions that you're not allowed to bet on fires you started. Nothing to worry about here.
No shit, Sherlock experts.
Prediction betting sucks, but this kind of disaster prediction is disgusting.
How is this even legal. Seems so obvious.
"Hey commander, let this village burn and let's save this one, I got my entire life savings riding on this"
I don't understand how apps like Polymarket are legal when they're essentially unregulated gambling that's rigged against regular users due to the amount of insider trading that happens on the platform.
Being able to bet on wildfires doesn't make any sense, since it gives people a financial incentive to start fires. 🤔
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