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Polymarket let users bet on wildfires. Lawmakers warn that could spur arson.
- bookofjoe 3mo agohttps://wapo.st/4wpiRGX https://wapo.st/4wpiRGX
- ponzy_io 3mo agoReally this applies to anything that you can bet on in these prediction markets. If X is an event that you can bet on, then you are potentially incentivizing someone to go out and make sure X actually happens. It doesn't take a genius to see that this isn't a good thing.
- trompetenaccoun 3mo agoDo you mean malicious actors could have an incentive to manipulate prediction markets, same as they do with stocks, commodities, etc? By committing a felony crime, in this case.
- Fellw 3mo agoAmericans are just so freaking dumb It's not even funny anymore.
- cyanydeez 3mo agoYes, because what we want are warnings and not regulations. Warnings
- DivingForGold 3mo agoMirror: https://archive.ph/F5ea5 https://archive.ph/F5ea5
- panxyh 3mo agoThis WILL spur arson.
- rbtms 2mo agoSpeculation with things that affect the well-being and safety of other people should be banned, period. We have seen the impact it has had on real state or the food market to the point people have become unable to purchase new houses without indebting themselves for life. Also reminds me of that black mirror from last season where the IT crowd guy damages his own body to entertain strangers so they give him the money he needs to support his wife. What's stopping someone poor without much to lose from burning down a forest if there's a significant monetary incentive?
- bookofjoe 2mo agoOr selling a kidney: >In Nepal's 'Kidney Valley,' poverty drives an illegal market for human organs https://www.pbs.org/newshour/world/in-nepals-kidney-valley-poverty-drives-an-illegal-market-for-human-organs https://www.pbs.org/newshour/world/in-nepals-kidney-valley-p...
- frozendroid 2mo agoFor fucks' sake, man...