A Boring Dystopia

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givesomefucks@lemmy.world

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People are making wildfire bets on prediction markets. Experts say it could lead to disaster (www.cnn.com)

submitted 2 days ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] manxu@piefed.social 18 points 2 days ago

I mean, betting apps are banned every so often precisely because of this. I don't know how they come back to life like nothing ever happened, but I think this is the third or fourth iteration of them.

The first iteration was killed when they allowed betting on terror attacks. The "logic" was that people with knowledge would bet on the next attack (this was after 9/11) making preparations easier. Just like in the cases of wildfires, though, allowing people to be on an outcomes gives them an incentive to effect it. Buy matches, bet on wildfire.