What kinds of events?
Snow, ice and hurricanes: Prediction markets offer money-making wagers on climate change
See, snow and ice are your fault
The odds were almost evenly split early Monday afternoon: Would Denver’s high temperature reach 71 to 72 degrees? Higher? Lower?
By the end of the day, people wagered over $90,000 on the question, hoping to win money by watching the weather using one of the leading prediction market platforms, Kalshi. These platforms, where people go to make bets on the outcomes of current events, are raking in profits as people try to make a quick buck betting on everything from the next president to whether it will snow in Denver or if “Bridgerton” will be the top show on Netflix.
But the platforms have also drawn criticism about the potential growth of insider trading, gambling addictions in young users, and even “death markets,” which collect wagers on whether deadly events will happen. (snip)
Climate and science topics have their own categories of wagers on two of the largest prediction market sites, Kalshi and Polymarket. People are gambling on whether this March will be the hottest March ever and how many hurricanes will happen this year. They’re placing wagers on measles cases and space exploration.
I think every ‘climate’ cult scientist should be forced to place bets on this, using their own money. Back up their fearporn with proving they know what they’re talking about, that it is actually science, rather than making prognostications for 10, 20, 50, 100 years from now.
Prediction markets have been around for decades but have taken off since 2020 and 2021, when Polymarket and Kalshi launched, respectively.
Under the Biden administration, the industry faced pushback from federal regulators who said their platforms were too close to gaming and restricted their operations in the U.S.
In reality, the article is mostly about these markets, which are kinda nuts, and have some nutty bets, and do include death bets and such. But, the doomsday cult requires that ‘climate change’ be included.
BTW, not sure about you, I do not bet on anything. I think all this betting is ruining sports, for one thing. I know people who bet too often, and, let’s be honest, most are not going to be big winners. Most will lose.
Crypto, prediction markets, online sports betting… just giving your money away!!
Freedumb!!
Truth Social, operated by Trump Media & Technology Group, is launching “Truth Predict”, a native, cryptocurrency-based prediction market in partnership with Crypto.com.