A Boring Dystopia

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Prediction market trader 'Magamyman' made $553,000 on death of Iran's supreme leader (www.npr.org)

submitted 2 days ago* (last edited 2 days ago) by CurlyWurlies4All@slrpnk.net to c/aboringdystopia@lemmy.world

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An account trading under the username "Magamyman" made more than $553,000 placing bets on the prediction market Polymarket that Iran's Supreme Leader, Ayatollah Ali Khamenei, would be out of power just before an Israeli strike killed him on Saturday.

....Under U.S. commodity trading laws, making trades based on death and war are illegal, since those kinds of bets create a financial reward for violence, human suffering and geopolitical instability.

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[–] SnotFlickerman@lemmy.blahaj.zone 18 points 2 days ago* (last edited 2 days ago) (5 children)

The future fucking sucks. Literally everything is gambling now, and the people with inside information are gambling the most.

...and you know what, yes, Valve deserves some of the blame for creating lootboxes and enabling the lootbox gambling scene via their hands-off "we can't control what other people do" approach.

[–] LincolnsDogFido@lemmy.zip 4 points 1 day ago (2 children)

Blaming Valve for prediction markets is certainly a stretch....

[–] daisykutter@lemmy.dbzer0.com 2 points 1 day ago (1 children)

Blaming a single person or entity is not accurate, but if I have to pinpoint someone I usually choose this fella:

[–] SnotFlickerman@lemmy.blahaj.zone 1 points 2 hours ago

Yanis Varoufuckass

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