If the person had reliable knowledge they should have been trying to alert people to it, not make a profit of it.
Comment on Insider trading, but make it worse
antonim@lemmy.dbzer0.com 4 days ago
What’s sick about that, though? Guy had reliable insider info and made money off a cancerous gambling site. Good for him.
Deceptichum@quokk.au 4 days ago
antonim@lemmy.dbzer0.com 4 days ago
they should have been trying to alert people to it
They would probably end up being criminally prosecuted for leaking the info, and I doubt some rando would be believed this stuff anyway, or even be able to reach any relevant audience. Unless they were a journalist (apparently some knew about it but kept silent), but again, leaking this would be suicidal.
They profited off having good connections in an imperialist state, and the naïve gamblers; dead civilians were irrelevant for the outcome. There’s way too many layers of rot at play for me to find this story in specific to be notably bad.
NewDark@lemmings.world 4 days ago
No, they made money off the people predicting the opposite. The gambling website simply skims off the top for the privilege of setting up the bet.
antonim@lemmy.dbzer0.com 4 days ago
Fair enough.
But I still don’t see the problem with the way the guy won. The actual problems are the gambling website itself and people being stupid/gullible/addicted enough to waste money on it.
Lauchmelder@feddit.org 4 days ago
In a regulated market this sort of thing would be called “insider trading” and is highly illegal, usually. Then again betting on unregulated “markets” is just asking to be ripped by people with insider info
Serinus@lemmy.world 4 days ago
The website is made for people with knowledge to leak sensitive info.