this post was submitted on 16 Mar 2026
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[–] humanspiral@lemmy.ca 5 points 6 hours ago (1 children)

The most absurd class of prediction market bets are those where 100s or 1000s know the result before it is reported/finalized. This is one such event due to reporting delay. The 2nd most absurd class are where propaganda and "house interpretation" of outcomes can provide significant profits to those who can influence turning a $1 into a $0 outcome.

[–] Buddahriffic@lemmy.world 1 points 2 hours ago

Don't forget that people who can make the decisions can also bet.