3 ms·

Replace gamblers with futures market and I agree.

• bagacrap 7mo ago
  Commodities futures markets have an actual purpose, which is to make business inputs (or outputs) more predictable. Like if I know I need ten tons of corn next year, it's safer to buy futures now than to wait and see how the price of corn fluctuates over that time, potentially sabotaging my business operation. (Of making corn chips.)
  • postalrat 7mo ago
    Similar business cases can be made for futures from polymarket. For example if I start a business in the USA I may want to hedge by buying some futures Jesus will not return before 2027.
• Terr_ 7mo ago
  Do we typically [0] have a problem with people sabotaging industries to manipulate the futures market? [0] Edit: Originally wrote "currently", but then I remembered the current White House, whose various crimes are being studiously ignored by the Republican congress.