A Boring Dystopia

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Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.

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Insider trading, but make it worse (infosec.pub)

submitted 1 week ago by andros_rex@lemmy.world to c/aboringdystopia@lemmy.world

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[–] lemmydividebyzero@reddthat.com 2 points 1 week ago (1 children)

How does that platform work? Can you still place bets when rockets hit Venezuela? Can you still place bets when people speculate he was already abducted?

[–] Lee@retrolemmy.com 2 points 6 days ago

You can still bet on near certain events / events in progress, but there's not necessarily a benefit in doing so as the odds shift. If something is believed to have a 50% chance of occurring then theoretically the bet would cost 0.5 for a payout of 1 (of you win). As the outcome becomes more (or less) likely, the cost of the bet changes to reflect that. In a prediction market, it's similar to stock market in that in order for you to buy a share / place a prediction bet, someone has to be selling a share/taking the other side of the bet and the prices shift based on perceived value of the underlying thing being traded (stocks or predictions).