Someone made $400K by predicting Maduro's capture. Here's what happened
www.axios.com
The winnings come as the rules governing prediction markets are still evolving.
    • Absurdly Stupid @lemmy.worldEnglish
      74·
      2 months ago

      Great idea, we’ll get a new mafia that runs illegal gambling from street to championship level.

      You either have an illegal but very popular activity run by “the black market”, or a legal but very popular activity run by the government and capitalists. The market doesn’t go away

      Either way, with a market this massive, the profits are insane. This would be much bigger than the drug trade, gambling is the very easiest and most popular of such “sinful” activities.