People are making wildfire bets on prediction markets. Experts say it could lead to disaster | CNN
www.cnn.com
As the catastrophic Los Angeles wildfires raged last year, people placed bets on how how many acres the fires would consume, which locations they would reach and when they would be contained.
  • dan@upvote.auEnglish
    28·
    3 days ago

    I don’t understand how apps like Polymarket are legal when they’re essentially unregulated gambling that’s rigged against regular users due to the amount of insider trading that happens on the platform.

    Being able to bet on wildfires doesn’t make any sense, since it gives people a financial incentive to start fires. 🤔

  • Photonic@lemmy.worldEnglish
    16·
    2 days ago

    Ahh yes, the promise of vast amounts of money has never encouraged people to do insane things before. Let’s make them bet on wildfires!