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They would need a counter party to be able to place the bet though, and those people have an equal incentive to keep the person safe. If no counter party exists
by camjohnson26 6y ago
They would need a counter party to be able to place the bet though, and those people have an equal incentive to keep the person safe. If no counter party exists then there’s no incentive.
Plus this ignores risks outside the market, like the risk the would be assassin gets caught and sent to prison.
- btilly 6y agoIt is a winner take all market. All money placed in the market goes to the winner. So if I want Donald Trump dead and am willing to pay a million dollars, I start the market and put a million dollars in for tomorrow. Eventually he dies and someone collects. Almost certainly not me, and not necessarily an assassin. But any would-be assassin who wants can place a bet and now has a million dollars riding on whether they succeed. This is not novel, the idea has been around for a quarter century. See https://en.wikipedia.org/wiki/Assassination_market https://en.wikipedia.org/wiki/Assassination_market for more.