A Boring Dystopia

16377 readers

481 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

givesomefucks@lemmy.world

715

We now have online casinos with corrupt backdoor ties to the Trump family letting people bet on the actions of the Trump family. It's not insider trading anymore. It's just the house's cut (slrpnk.net)

submitted 4 days ago* (last edited 4 days ago) by stabby_cicada@slrpnk.net to c/aboringdystopia@lemmy.world

68 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] Knock_Knock_Lemmy_In@lemmy.world 2 points 4 days ago (1 children)

The online stuff uses anonymous throwaway accounts

In that case, how do we know this particular insider is 16/16 and $170m up?

[–] stabby_cicada@slrpnk.net 5 points 4 days ago* (last edited 4 days ago)

I had a theory about multiple accounts being connected to the same person and how they'd use that to hide their insider trading, but I did some digging, and in this case the trader is a single anonymous account which has a pattern of making winning bets - 16 of them - based on things Trump does:

https://www.binance.com/en/square/post/309527584561937

https://x.com/Mrminick_/status/2041170962368844105

So, yeah, you could make money by following this account and doing what it does, presuming you knew it had insider information, and presuming it doesn't shut down now that people know it has insider information. After all, you want people to bet against you, and nobody wants to bet against the person with insider info, right?

Also, here's an article with examples of apparent insider trading on oil futures, and explaining some of the ways multiple accounts can be connected to the same (anonymous) people:

https://www.msn.com/en-us/money/markets/insider-trading-claims-after-stock-and-oil-futures-surged-minutes-before-trump-s-iran-post