this post was submitted on 24 Feb 2026
216 points (98.2% liked)
Political Memes
11190 readers
1797 users here now
Welcome to politcal memes!
These are our rules:
1) Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
2) No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
3) Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
4) No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
5) No AI generated content.
Content posted must not be created by AI with the intent to mimic the style of existing images
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Whenever you want a view that's closest to the "truth", look at what the insurance rates are like. Insurance companies' whole business hinges on turning objective reality into money.
Which is why honestly I think we should start betting on everything. The biggest problem is centralized bookies who can't allow bets the government doesn't like.
All of the worst, most evil applications of this are already legal for the rich. p2p betting would only help the poor.
I am not sure the answer to a worldwide gambling epidemic is to make more gambling but what do I know.
It's the answer to it being difficult to organize a resistance without getting disappeared.
You're basically describing prediction markets, which do exist on p2p blockchains and work in basically this way.
They're pretty good, but unfortunately what they measure is kind of a hybrid mix of expert opinion and general sentiment. There are people who put money into prediction markets because they have inside knowledge, but there are also people who bet there based on vibes and hope. Whereas insurance companies tend to have fewer outright gamblers working as actuarial analysts.
What's the best one on a p2p blockchain? Maybe I can help.
I don't use any myself so I can't really give a personal recommendation. This page has a list of some.