supersquirrel@sopuli.xyz to A Boring Dystopia@lemmy.world · 2 months agoMillions worth of prediction market bets placed on US airstrikes on Iranwww.independent.co.ukexternal-linkmessage-square12linkfedilinkarrow-up1138arrow-down11
arrow-up1137arrow-down1external-linkMillions worth of prediction market bets placed on US airstrikes on Iranwww.independent.co.uksupersquirrel@sopuli.xyz to A Boring Dystopia@lemmy.world · 2 months agomessage-square12linkfedilink
minus-squarecollapse_already@lemmy.mllinkfedilinkEnglisharrow-up1·2 months agoWhat I don’t understand is that casinos work because other people make the opposite bets. If I bet on black at roulette, someone else bets on red. The casino doesn’t lose money. Who is making opposite bets here? The casino is just giving away money?
What I don’t understand is that casinos work because other people make the opposite bets. If I bet on black at roulette, someone else bets on red. The casino doesn’t lose money. Who is making opposite bets here? The casino is just giving away money?