109
Millions worth of prediction market bets placed on US airstrikes on Iran
(www.independent.co.uk)
this post was submitted on 01 Mar 2026
109 points (99.1% liked)
A Boring Dystopia
15837 readers
1218 users here now
Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.
Rules (Subject to Change)
--Be a Decent Human Being
--Posting news articles: include the source name and exact title from article in your post title
--If a picture is just a screenshot of an article, link the article
--If a video's content isn't clear from title, write a short summary so people know what it's about.
--Posts must have something to do with the topic
--Zero tolerance for Racism/Sexism/Ableism/etc.
--No NSFW content
--Abide by the rules of lemmy.world
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
"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.
No let’s really called it what it is:
Fraud and insider trading.
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.
The "prediction market" is different because it's for the already wealthy to make more money based on insider information. It's not for you and me to put in $50 and walk away with $100 if we're lucky, but for someone who already knows what's about to happen to put in 500k, walk away with a million and then claim they made their wealth legitimately...
I think you completely skipped the most exciting part where it can also be used to launder money and make covert payments under the guise of winning bets.
Oh no, that part was implied. Heavily.
And it's cheaper than buying and selling "art" for the same purpose.
If you know the outcome, is it gambling?