Comment by bs7280
19 hours ago
First - I can not comprehend how you could possibly have a charitable interpretation on the war point and how it might have a net positive. I'm not trying to be condescending or anything, I would like to hear a single positive for being able to make BTC bets on killing people.
Second - even if you are not one of the millions of Americans that give a shit about sports, there is still a massive fraud implications just by the existence of crypto prediction markets. All it takes is one bad call to changed the outcome of game. The Superbowl last year had over $1 billion wagered on it.
If I live in a country that is under threat of being attacked by U.S. it is nice to have a website where I can look to get a reasonable probability that the attack happens
That figure will also be hugely unreliable, because as we've seen, there is tremendous incentive for insiders to leverage their information immediately before it's relevant.
If the odds sit at 97% NO for weeks or months, then 3 hours before the invasion an insider makes their play, you would have to be constantly monitoring this market, interpret that spike correctly as an insider trade, and be able to, in that very short amount of time, take actions that change the outcome for you, personally.
Doesn't seem like much of an upside to me.