• dellish@lemmy.world
    1·
    11 hours ago

    The part I don’t understand is where is the money coming from? Are people betting AGAINST wildfires? This shit makes no sense.

    • m0darn@lemmy.ca
      1·
      8 hours ago

      You bet on how many fires or how big the fires will be or how much destruction they’ll cause. People bet over/under a threshold.

  • pdxfed@lemmy.world
    19·
    2 days ago

    Who cares about the consequences when there is a market to be created and some wealth that could be acquired?

  • Airfried@piefed.socialEnglish
    2·
    1 day ago

    If only there was more senators could do than warn. And yes I’m aware those who actively work on a ban on prediction markets are probably the ones doing the warning but still. There shouldn’t be a headline about prediction markets incentivizing arson but about it being banned. It shouldn’t have come to this in the first place, right?