Now everyone has a chance to profit from war ! Thank you Polymarket
>“It used to be the news channels were the callers,” said Kane. “They used to be the final say in big events. Like this officially happened because CNN and Fox News said so. But thanks to Polymarket, there’s a new signal.”
This is interesting because of this:
>At the moment, when there is a dispute, markets on Polymarket are settled by an anonymous group of people who hold a crypto token called UMA.
[...]
>It isn’t known who the largest UMA holders are, or what might affect how they vote. It is entirely possible that the people who finally settle a bet on UMA have large amounts of money staked on it.
So basically instead of trusting CNN and Fox News you trust an anonymous group of people who may or may not profit themselves from their own decisions. I can't see how this is any better.
cyanydeez•1h ago
PowerElectronix•1h ago
ModernMech•31m ago
PowerElectronix•19m ago
People using it to gamble has more to do with gambling people than with capitalism people. You can have gambling in communism or socialism, only stakes there are limited because the fruit of the labor of people doesn't belong to them like in capitalism.
azan_•15m ago
kingleopold•55m ago
but hey keep understanding things wrong, surely it helps?
humanity advanced way more under capitalism than anything else in history. This does not mean capitalism is perfect, it's just fits to human greed and human behaviour more. Others systems are worse
kodegod69•45m ago
logicchains•36m ago
deadbabe•36m ago
948382828528•13m ago
We just need one more chance.
croes•42m ago
And you can bet (pun intended) someone will create them on purpose if they can make profit from it
logicchains•39m ago
forinti•31m ago
throwthrowuknow•21m ago
ModernMech•26m ago
iso1631•22m ago
ceejayoz•19m ago
https://www.npr.org/2026/03/26/g-s1-115240/iran-war-strait-h...
(I'm being snarky here, but COVID definitely exposed some supply chain vulnerabilities.)
forinti•32m ago
abound•13m ago
[1] https://en.wikipedia.org/wiki/List_of_countries_by_incarcera...
throwthrowuknow•30m ago
ModernMech•21m ago
azan_•14m ago
airstrike•35m ago
gib444•26m ago