- cross-posted to:
- pravda_news@news.abolish.capital
- cross-posted to:
- pravda_news@news.abolish.capital
The betting market on war is “worse than insider trading,” one lawmaker said.
Archived version: https://archive.is/newest/https://truthout.org/articles/polymarket-takes-down-betting-on-nuclear-detonation-after-backlash/
Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.
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?
lol, sure it is. stock market is the biggest casino around, and there are a dozen different ways to extract “liquidity”
just like the stock market, actually enforcing the rules takes a sbmhitload of overhead and with enough influence even those aspects of the casino (SEC/FINRA/Fed) got compromised or neutered in no time at all.