Gamblers can now bet on the outcome of wars – and that’s a problem
The growing threat of conflict in the Middle East last week prompted a flood of activity in a little known area of betting: prediction markets in which users can bet on a particular military action. One user of the Polymarket betting platform won US 4 500 (A 6 350) by predicting the exact date of the United States striking Iran. In total, Polymarket users bet more than US 4 million (A 5. 65 million) on the US Iran strikes occurring on February 28. We are academics who have researched
The growing threat of conflict in the Middle East last week prompted a flood of activity in a little known area of betting: prediction markets in which users can bet on a particular military action. One user of the Polymarket betting platform won US 4 500 (A 6 350) by predicting the exact date of the United States striking Iran. In total, Polymarket users bet more than US 4 million (A 5. 65 million) on the US Iran strikes occurring on February 28. We are academics who have researched
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