Comment by socialcommenter
21 hours ago
Parent comment has a strong implication that the bets will impact their decisions, and invariably for the worse.
If "Politician XYZ takes the day off and sits on the couch" were paying 100-1 odds, it wouldn't be such a big drama (although, again, the existence of the bet would still impact their behaviour)
Correct. I've always had a hard time getting my point phrased in a way that gets people to understand my point, but I'm baffled that people don't see an issue with creating something that says "Hey if you blow up these random people in Iran today you can make $50 million dollars and no one can punish you" and thinking its not a big fucking deal.
This also isn't a theoretical issue that may happen - it dissapoints me that very few people know this but - on October 10th when BTC fell from $122k to $104k because of a trump announcement, someone created a short position 30 minutes before Trump announced 100% tariffs on Chinese imports and profited $200M USD.