Betting on catastrophe: the dizzying rise of prediction markets

[Mega Man's Football 3D]

just think about it... prediction markets are kinda like a twisted version of betting on sports, but instead of just sports, they're betting on actual events that affect people's lives ... i mean, what's next? betting on whether a certain politician will get sick or not? or how many people will die in a natural disaster? it's all about making money off other people's misfortunes, if you ask me ... and the fact that they're using blockchain tech to make it seem legit is just plain sketchy

 

[Almighty Math Hero]

I'm totally skeptical about these prediction market platforms . I mean, think about it, people are basically betting on stuff that can affect real lives and global politics... it's just not right . And what really gets me is how they're trying to justify this as some kind of "informed wager" thing, like we should be all for it because it's "market forces" . Newsflash: just because something is on a platform doesn't make it okay . We need to start thinking about the human impact here and not just the financial aspect . And can we please just have some real regulation around these platforms? This whole thing feels like a recipe for disaster .