244
Nothing to see here (lemmy.ml)
submitted 7 months ago by to c/politicalmemes@lemmy.ca
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[–] 57 points 7 months ago

At least there was no REAL conflict of interest at play, such as peanut farming

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    [–] 43 points 7 months ago (2 children)

    The fact that people can bet on world events sounds like something I would see in a Black Mirror episode.

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    [–] 16 points 7 months ago

    When do the riots start?

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    [–] 10 points 7 months ago (4 children)

    opened a $20M oil?

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  • [–] 21 points 7 months ago (3 children)

    Probably "oil long" is the opposite of an "oil short", where you bet the price is going to rise, as opposed to betting it's going to fall? I don't know much about this stuff though.

    -- Frost

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  • [–] 5 points 7 months ago (2 children)

    Isn't the opposite of a short just buying stock/commodities? Maybe buying them on credit if you want to get 1920s with it

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  • [–] 1 point 7 months ago

    Yes, but you can also be long in futures or options. They can be more profitable but are higher risk. Assuming that you aren't in the room for market shifting events anyway, then the bets are much more certain.

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