Comment

Comment on Polymarket Takes Down Betting on Nuclear Detonation After Backlash

Can someone ELI5 how is it a real problem?

Like, Bezos and other corpos will bet on Polymarket and then ~~bribe~~ lobby Trump to nuke Iran for profit? Is this the plot we are afraid of? If so Polymarket is not a problem here.

source

Sort:hotnew top

ParlimentOfDoom@piefed.zip ⁨1⁩ ⁨day⁩ ago
There’s a reason that betting on the death of people is illegal - it provides a way to finance a hitjob on someone indirectly. In fact, betting against their death provides the funds that would entice someone to take it into their own hands.

This is the same thing but on a much bigger scale.

source
ToastedRavioli@midwest.social ⁨1⁩ ⁨day⁩ ago
For one, its not gambling if there is not an element of chance. Gambling is only the case where people dont know who will win the Super Bowl, or whether or not you will draw a blackjack at the casino, etc.

If people have direct control over the event being bet on, to the extent that it is not affected by any element of chance, then its not gambling. Its just people with control over a given situation rigging a game to take money from other people. If you went to the casino and the roulette dealer could bet on the game and control where the ball landed that wouldnt be gambling. Neither are prediction markets in most cases.

That doesnt even get into the issues with ethics and incentivizing people in control to do terrible things (or otherwise act amorally or irrationally) just to make money in the prediction market

source
- Lysergid@lemmy.ml ⁨1⁩ ⁨day⁩ ago
  Is this a problem of the game i.e. being able to bet on anything (someone’s decision) or problem of someone having insider knowledge/influence on decision and allowed to play? In your casino example it’s dealer who is banned, not the roulette itself.
  
  For example insider trading is regulated, following Polymarket’s takedown logic we should ban all trading.
  
  In other words, would this bet be a problem if decision makers were banned from betting or profiting on it?
  
  source
  - IronBird@lemmy.world ⁨1⁩ ⁨day⁩ ago
    
    for example, insider trading is regulated
    
    lol, sure it is. stock market is the biggest casino around, and there are a dozen different ways to extract “liquidity”
    
    source
SPRUNT@lemmy.world ⁨1⁩ ⁨day⁩ ago
Trump is dying to use a nuke, and the only thing he cares about is money. Tie using a nuke to the potential for financial gain in the Trump family and the potential increases drastically. Trump has his dementia, narcissism, and sociopathic behavior on full display, and has zero concern for any long-term effects of his actions. If nuking a country makes his bank account numbers go up, it’s definitely being considered.

If the Epstein stuff continues to grow and get worse for him, a nuke is almost guaranteed.

source