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If we bet on where fires will occur and I have empty pockets and a book of matches that's a little different than options trading. As with most terrible behavi
by idiotsecant 2mo ago
If we bet on where fires will occur and I have empty pockets and a book of matches that's a little different than options trading.
As with most terrible behaviors when a few people do it the results to society aren't so bad. When it gains potential for mass application of the same behavior it becomes a crisis.
- DANmode 2mo agoUnfortunately your example gets a little foggier once you consider options and futures during a period like the one the US is currently in with Iran.
- glaslong 2mo agoLike when your buddies trade crude on weekdays but you get to flip the War switch on/off all weekend?
- quickthrowman 2mo agoBiotech stocks for premarket drugs are functionally binary bets on the drug trial itself and have existed for a long time. Wildfire prediction markets would be incredibly reckless and dangerous. The two situations are not even close to being the same.