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A thought experiment: how would you feel about betting on a market that is an the outcome of a medical procedure? On a negative outcome? On a market for a negat
by sorokod 5mo ago
A thought experiment: how would you feel about betting on a market that is an the outcome of a medical procedure? On a negative outcome? On a market for a negative outcome of your own procedure?
- gventura18 5mo agoIs it bad to take out a life insurance policy right before you have a medical procedure?
- arter45 5mo agoIf the only person who can get the money is you (or your partner or children or whatever), it’s fine as a form of compensation for potential damages. If anyone, including your surgeon, can take that life insurance policy based on your life, things can go bad pretty quickly (hint: what happens if a profit-maximizing surgeon would earn a lot more money from your policy than from his regular job?).
- hunterpayne 5mo agoThis is why people who work in sports can't bet on sports. This is literally a solved problem. The current laws outlaw your examples already.
- warkdarrior 5mo agoNot if it's your own procedure. If it is someone else's? Bad, because I'll just take a life insurance on them and then promise the doctor half of the proceeds if they ensure that the outcome of the procedure leads to an insurance payout.
- fer 5mo agoBut killing someone is a crime, and fraud is a crime, the insurance in itself isn't.