What I’m hearing from this article is that all recent US military operations have been leaked in advance
Millions worth of prediction market bets placed on US airstrikes on Iran
Submitted 5 weeks ago by supersquirrel@sopuli.xyz to aboringdystopia@lemmy.world
Comments
chicken@lemmy.dbzer0.com 5 weeks ago
BarneyPiccolo@lemmy.today 5 weeks ago
Leaked? They’ve been loudly threatening to do it for the last few weeks, and moved every piece of materiel and manpower to the region. It wasn’t exactly a wild guess.
chicken@lemmy.dbzer0.com 5 weeks ago
The article is insinuating that inside information was used to make money on the specific date:
Now there are suspicions that other insiders used the Iran strikes to get rich. Six accounts on Polymarket reportedly won approximately $1.2 million by predicting the U.S. would launch a strike on Iran on February 28, according to CoinDesk.
The other example is more convincing though:
When the U.S. captured Venezuelan President Nicolas Maduro in January, an individual with a relatively new account pumped $30,000 into a bet that Maduro would be ousted. Hours later, the Trump administration captured Maduro, earning the gambler more than $436,000.
collapse_already@lemmy.ml 4 weeks ago
What I don’t understand is that casinos work because other people make the opposite bets. If I bet on black at roulette, someone else bets on red. The casino doesn’t lose money. Who is making opposite bets here? The casino is just giving away money?
obinice@lemmy.world 5 weeks ago
“Prediction market”. Let’s just call it what it is:
Gambling.
What a stupid waste of time and money, encouraging addiction and ruin in people.
billwashere@lemmy.world 5 weeks ago
No let’s really called it what it is:
Fraud and insider trading.
Knock_Knock_Lemmy_In@lemmy.world 5 weeks ago
If you know the outcome, is it gambling?
PlaidBaron@lemmy.world 5 weeks ago
I mean, yeah but are we glossing over the fact rich people are gambling as though its a game when real people are being killed? Cause thats the story for me.