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Company ‘Kalshi’ admits plot to capitalise from division (www.thecanary.co)

submitted 3 months ago by rss@news.abolish.capital to c/pravda_news@news.abolish.capital

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If you’ve not heard of ‘Kalshi’ before, it’s what’s known as a ‘prediction market’. If you’ve not heard of prediction markets, hold on to that feeling, because you won’t enjoy your enlightenment: The co-founder of Kalshi says: " The long-term vision is to financialize everything and create a tradable asset out of any difference in opinion." […]

By Willem Moore

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[–] foodandart@lemmy.zip 2 points 3 months ago* (last edited 3 months ago)

Author Keith Laumer wrote of a form of this in his early 70's short sci-fi story, Of Death What Dreams. In the story, it was called "Booking the Vistat Run" and it was a gambling option for the ultra wealthy who bet on the lives and deaths of the poor.

Lotsa shit's coming down that was written about decades ago in various sci-fi stories.

FFS, look at the Star Trek communicators from the 60's show... and a flip phone.