Millions worth of prediction market bets placed on US airstrikes on Iran

Comments

• obinice@lemmy.world ⁨4⁩ ⁨days⁩ 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.

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  • billwashere@lemmy.world ⁨3⁩ ⁨days⁩ ago

    No let’s really called it what it is:

    Fraud and insider trading.

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  • Knock_Knock_Lemmy_In@lemmy.world ⁨4⁩ ⁨days⁩ ago

    If you know the outcome, is it gambling?

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  • PlaidBaron@lemmy.world ⁨3⁩ ⁨days⁩ 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.

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• chicken@lemmy.dbzer0.com ⁨4⁩ ⁨days⁩ ago

  What I’m hearing from this article is that all recent US military operations have been leaked in advance

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  • BarneyPiccolo@lemmy.today ⁨3⁩ ⁨days⁩ 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.

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    • chicken@lemmy.dbzer0.com ⁨3⁩ ⁨days⁩ 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.

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