Day 4,336—Accidently Slept In and I Was Right about the Prediction Markets—
I saw the article yesterday afternoon about the plethora of people who somehow knew to make huge bets on the US attacking Iran over the weekend and specifically taking out its leader. This industry would not exist if Harris had won the election. The current president and his family directly benefit from these industries, having substantial investments in the two companies that manage these markets. This “bet on everything” model somehow does not legally qualify as gambling, so people as young as 18 are allowed to place bets, and there are currently no guardrails to help addicts stop. Meanwhile, we’re at war, and the current administration is attempting to violate the Constitution by taking over local elections. It's scary to be alive. We thought we had it bad when W was president, but what always bothered me about the backlash against him was that, for the most part, it was not based on his politics, but rather on his public image. I doubt many will ev...
