• ZoteTheMighty@lemmy.zip
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    2 months ago

    I’m willing go bet a lot of people making weird bets like this are doing the equivalent of insider trading. The whole concept of betting on random news is ripe for the opportunity for people with insider knowledge to always win big off of the losses of gambling addicts.

  • randoot@lemmy.world
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    2 months ago

    You have to be an idiot to gamble at these sites. I already feel like an idiot for having money in the stock market with all the insider trading, but thanks to inflation you’re fucked if you do and fucked if you don’t.

  • huquad@lemmy.ml
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    2 months ago

    400k seems relatively low for the usual scum. Could be a lower rank military personnel, or a staffer.