World News

2084 readers

847 users here now

Rules:
Be a decent person.
No racism, sexism, ableism, homophobia, transphobia, zionism/nazism, and so on.

Other Great Communities:

Rules

Be excellent to each other

founded 2 years ago

MODERATORS

Deceptichum@quokk.au

Grainne@lemmy.dbzer0.com

175

Traders placed over $1bn in perfectly timed bets on the Iran war (www.theguardian.com)

submitted 1 week ago by veggibles@lemmy.wtf to c/world@quokk.au

16 comments fedilink hide all child comments

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

[–] SlurpingPus@lemmy.world 2 points 1 week ago* (last edited 1 week ago) (1 children)

I'm guessing the article is about suspiciously large bets placed shortly before important events, mostly Trump's announcements, in the absence of similarly large losses from the same people — as happened multiple times in the past year.

People don't typically bet millions at once on an underdog.

[–] Iconoclast@feddit.uk 2 points 1 week ago* (last edited 1 week ago)

Well, no, but that's why I'm noting that additional context would be in place. If the account was created yesterday and they bet millions on something they couldn't possibly have known, then yeah, that's suspicious. However, yesterday there was a similar article about 150 people who made a similarly good bet, but once you did the math these people bet $5,700 per person on average. That isn't particularly suspicious.

Edit: I just realized it was this same article