Comment on Insider trading, but make it worse
NewDark@lemmings.world 3 days agoNo, 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.
Comment on Insider trading, but make it worse
NewDark@lemmings.world 3 days agoNo, 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 3 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 3 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 3 days ago
The website is made for people with knowledge to leak sensitive info.