As the catastrophic Los Angeles wildfires raged last year, people placed bets on how how many acres the fires would consume, which locations they would reach and when they would be contained.
I mean, betting apps are banned every so often precisely because of this. I don’t know how they come back to life like nothing ever happened, but I think this is the third or fourth iteration of them.
The first iteration was killed when they allowed betting on terror attacks. The “logic” was that people with knowledge would bet on the next attack (this was after 9/11) making preparations easier. Just like in the cases of wildfires, though, allowing people to be on an outcomes gives them an incentive to effect it. Buy matches, bet on wildfire.
I mean, betting apps are banned every so often precisely because of this. I don’t know how they come back to life like nothing ever happened, but I think this is the third or fourth iteration of them.
The first iteration was killed when they allowed betting on terror attacks. The “logic” was that people with knowledge would bet on the next attack (this was after 9/11) making preparations easier. Just like in the cases of wildfires, though, allowing people to be on an outcomes gives them an incentive to effect it. Buy matches, bet on wildfire.