• Gormadt@slrpnk.netOP
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    15 days ago

    Fun fact: you CAN win money because they operate in a legal gray area calling themselves “prediction markets”.

    Basically you buy percentage shares in an outcome and if that outcome happens all of those that bought the shares get a payout. At least that’s my understanding of it.

    Do I do it? Fuck no.

    Do I know more than a few people that do? Literally more than half of my coworkers do and a few people in my friend group do.

    Bonus “fun” fact: they’re not limited to just gambling. If you managed to miss it, not too long ago people were gambling on events in the Iran War.

    If it wasn’t obvious I’m very much against this practice. Shit’s fucked.