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Ok let's work on that then. But meanwhile, close down unregulated websites like polymarket, where there is no verification of actual damage.
by amelius 7mo 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 7mo agoYou 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 7mo agoThere is a market for custom and rare risk insurance - it's called "surplus lines"