Traders placed over $1B in perfectly timed bets on the Iran war
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Re: Traders placed over $1B in perfectly timed bets on the Iran war
#2Yet more evidence of the rapid disassembly of the social contract and our collective ethics, aided of course by unregulated tech. If you work for – or are involved in the funding of – these unregulated gambling and insider trading platforms, you should be ashamed of yourself. Your greed and lack of concern for the health of the human world you live in is sickening. You can get bag after bag but it will never fill the void in your soul.
Re: Traders placed over $1B in perfectly timed bets on the Iran war
#3Now of cocourse there are bots circling watching for insider trades. Which you can "milk" by pretending to insider trade and then hedging a bet against them. A whole eco system of scoundrels
Re: Traders placed over $1B in perfectly timed bets on the Iran war
#4Yet more evidence of the rapid disassembly of the social contract and our collective ethics, aided of course by unregulated tech. If you work for – or are involved in the funding of – these unregulated gambling and insider trading platforms, you should be ashamed of yourself. Your greed and lack of concern for the health of the human world you live in is sickening. You can get bag after bag but it will never fill the…
Isn't it more than the ability to manipulate global markets essentially means we're headed towards a global inflation crisis? No one with critical thinking skills believe Elon's valuations are a rational market concern.
But if they _are_ rational, eg, a zimbawean inflation nightmare, then if you're not trying to "escape the permanent underclass" then _you_ are the irrational person.
So ignoring all politics, we're really dealing with a zeitgeist of people who think wealth inequality is endless, and the only way to survive is to lobster bucket and YOLO every chance to gamble.
Re: Traders placed over $1B in perfectly timed bets on the Iran war
#5What's the statute of limitations on such things?
Because it won't be prosecuted by 2029 but could be afterwards
Personally I think it's a bigger problem when the President sues his own government for billions and then orders them to pay it out
Because -that- is not an official act. It could be prosecuted but no-one will touch it even after 2029
Re: Traders placed over $1B in perfectly timed bets on the Iran war
#6Yet more evidence of the rapid disassembly of the social contract and our collective ethics, aided of course by unregulated tech. If you work for – or are involved in the funding of – these unregulated gambling and insider trading platforms, you should be ashamed of yourself. Your greed and lack of concern for the health of the human world you live in is sickening. You can get bag after bag but it will never fill the…
This applies to almost everyone working on SaaS; not in all cases, but the absolute majority work on SaaS means creating artificial scarcity in order to extract value from people. It is a fundamentally evil, antisocial, anti human thing to do. If you believe that is okay to restrict access to infinite resources to preserve the status quo you deserve the same place in hell as the people pushing gambling.
Don't create artificial scarcity. Don't play zero sum games.
Re: Traders placed over $1B in perfectly timed bets on the Iran war
#7What value do prediction markets give to anyone not in the insider trading class?
I predict these will be banned when someone finally uses them as an "assassination market".
Re: Traders placed over $1B in perfectly timed bets on the Iran war
#8What's the statute of limitations on such things? Because it won't be prosecuted by 2029 but could be afterwards Personally I think it's a bigger problem when the President sues his own government for billions and then orders them to pay it out Because -that- is not an official act. It could be prosecuted but no-one will touch it even after 2029
Unless somebody snitches there's no real way to prosecute insider trading. You can say you just felt like making a trade, or that you read one of Trump's posts the moment he put it up on Truth Social and you just happened to have the trade ready to go.
Unless they're absolute morons, the people doing insider trading for large sums of money will have already built a strong alibi.
Re: Traders placed over $1B in perfectly timed bets on the Iran war
#9You'd have to be spectacularly stupid to bet on these kinds of things without having insider knowledge, because you ought to know good and damn well by now that the people with insider knowledge are DEFINITELY betting on them.
Re: Traders placed over $1B in perfectly timed bets on the Iran war
#10What value do prediction markets give to anyone not in the insider trading class? I predict these will be banned when someone finally uses them as an "assassination market".
I would argue that the sole value of prediction markets is to make insider knowledge accessible to the general public, quicker than it normally would.
That’s why these platforms saying things like “we will roll out insider trading” is laughable.