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Millions worth of prediction market bets placed on US airstrikes on Iran
(www.independent.co.uk)
this post was submitted on 01 Mar 2026
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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.