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> [Owners] can buy some kind of "missed the playoffs" insurance I suppose with Kalshi etc. they can today but "insurance" is just another word for 'betting wha
by xp84 2mo ago
> [Owners] can buy some kind of "missed the playoffs" insurance
I suppose with Kalshi etc. they can today but "insurance" is just another word for 'betting whatever bad thing will happen.' So if an owner bought any kind of insurance that paid them if they performed poorly, I would assume they were going to do things to intentionally degrade their team's performance, and would hope the league would recognize this as extreme moral hazard and kick them out of the league.
- triceratops 2mo ago> So if an owner bought any kind of insurance that paid them if they performed poorly It's the same as the CEO of a public company buying puts on their company's stock. I agree "derivatives" is a feeble excuse for sports betting.