No shit you dumbfucks, prediction markets incentivize a fuck load of illegal shit and corruption and should be banned

The fact that the US has turned literally everything into something you can gamble on really shows how much of a failure of a society the US truly is.

The social contract has been dead for 50 years and yet people younger than fifty still out there acting like nothings wrong, and all you need to do is "get a better job" and everything will be fine.

Man I'm not sure getting a better job is gonna help me escape climate change exacerbated wildfires, nor the gambling markets that incentivize arson.

This shit makes me particularly upset as the current Washington State fires were caused by an arsonist.

10,000 acres burning and only 13% contained.

You can bann prediction markets in general

Yeah no shit! What the fuck?!

Fuck every person that takes part in a bet like this. I'll put them in the same category as Trump voters. Scorched earth.

Insider trading in my insider trading platform???

We've had major wildfires started by part time firefighters looking to create some work for themselves. Wildfire gambling is pretty much guaranteed to turn all of our countryside into ash.

could incentivize arson

But moooooonnnnneeyyyy!

Why can't these people just go to casinos and lose everything on blackjack and roulette like normal gambling addicts?

It reminds me of a really great line from the movie Coming To America: "Imagine a country so free one can throw glass in its streets."

Donald has personal financial interests in prediction markets and his properties probably have private firefighting. What the fuck does he care?

And for the next two years he's going to have nothing to lose. We'll see if there's any America left once he's done.

But all the other forms of market manipulation are fine. Lol

They should make wildlifes illegal and this whole thing will stop /s

I still can't believe this is a real sentence

Oh man, This is it. I lost the last remaining smidget of hope on humanity.

Can we bet on when/if Kalshi headquarters gets burned down?

I PRAY to GOD that Prediction Markets WRITE LEGISLATION to STOP People from putting a Viral Bet on if Billionaire Island in Florida will BURN DOWN! PLEASE just let us bet on OUR deaths NOT the Deaths of Rich People!

-Republican Voters!

Could? You mean "are actively"

Sounds like something Trump would be interested in.

Just stick to betting on wholesome things like if a kid’s gonna croak from cancer

Spokane fire was arson, they arrested the guy. Dark days.

I have a suggestion for the datacenter antifa that might get me banned if I explain it further.

edit: as in I support anti datacenter joke just to be clear.

Can we start betting on who gets thrown in the woodchipper first?

Yeah 10,000 more on Iran Peace Deal in October

Slightly off topics but this reminds me of this video making a case that forest fires are inevitable and the more often they happen the better https://youtu.be/HBluLfX2F_k?t=1448

I think we can all agree that arsonists should be tortured on live television

This is our Great Filter.

You have people all over the world watching their homes burn down or get swept away by rainfall and some guy in LA thinks to himself "hey, I think I can make some profit here". Not just that, they will cause even more fires, more destruction and anguish and they know it. They just don't care. In a healthy system a person like that would be immediately excluded from society as someone sick and dangerous. In our system we don't have tools to do anything about it. The system will actually encourage millions of people to participate in this disgusting game, no one will face any consequences, the rich will get richer. The society as a whole is unable to deal with it. This is how it all will end.

While we are not blind to the risks, removing these markets does not prevent a tragedy but makes the most accurate information less accessible to the people who need it most,” he wrote.

Can anyone explain to me what the actual fuck this dude is talking about here?

Crackdown until someone teaches them how to do it then it becomes essential to a capitalist society.

Just the wildfire ones? Not the entire idea? 🤨

How about a crackdown on politicians lining their pockets with insider trading?

That's some Ankh-Morpork shit right there.

Considering someone was arrested for arson connected to the 10,000 acre fires in Washington State today, yeah, let’s not incentivize such actions.

Next stop the markets they buy into and influence

"don't build the torment nexus" is a meme that's repeated so often it's becoming a cliche, and yet

Ankh-Morpork no longer had a fire brigade. The citizens had a rather disturbingly direct way of thinking at times, and it did not take long for people to see the rather obvious flaw in paying a group of people by the number of fires they put out. The penny really dropped shortly after Charcoal Tuesday.

from a Terry Pratchett book published in 1997.

those who forget history are condemned to...something something.