3 ms·

Because there are many things where insurance doesn't exist.

• deleted 6mo ago
  [deleted]
• amelius 6mo ago
  Ok let's work on that then. But meanwhile, close down unregulated websites like polymarket, where there is no verification of actual damage.
  • crazygringo 6mo ago
    You can't just "work on that". Insurance works on repeatable, predictable risks based on models. You can't get insurance against a military attack. But you can hedge using a prediction market. It's essentially the version of insurance for one-off events, that relies on wagers since you can't use models.
    • maest 6mo ago
      There is a market for custom and rare risk insurance - it's called "surplus lines"