Savings and Investments thread

bobmunro said:

Addick Addict said:

Contracts worth US$529m were made and tied to the timing of attacks on Iran. Two contracts worth US$150m were bet on the removal of Khamenei as supreme leader.

A mystery trader previously made roughly US$410,00 profit betting on the ousting of Venezuelan president Nicholas Maduro.

Some people are really lucky. Or corrupt.  

They are both - corrupt in their dealings and lucky they don't get caught.

golfaddick said:

Addick Addict said:

Contracts worth US$529m were made and tied to the timing of attacks on Iran. Two contracts worth US$150m were bet on the removal of Khamenei as supreme leader.

A mystery trader previously made roughly US$410,00 profit betting on the ousting of Venezuelan president Nicholas Maduro.

Some people are really lucky. Or corrupt.  

Would their Exchange Commission look into this ? Insider dealing at its worst.

But when those individuals are potentially tied to someone who is a convicted felon, who is capable of starting a war without any other approval as a distraction for the further scrutiny of certain files evidencing he's a wrong'un, sacking generals and anyone else who opposes him, pardoning the founder of Binance in exchange for support of his own Crypto business, sending a lawless army to create terror in states where he isn't supported and so much more, then it's going to be quite hard to bring charges against them.

Then we should, perhaps, look at the platform these contracts were placed on - Polymarket - which has been banned by governments in multiple jurisdictions. It was originally blocked in the US amid regulatory scrutiny. It is a total coincidence that the second Donald Trump administration eased the regulatory environment for Polymarket and at the same time appointed Donald Trump Junior, as an advisor, after his firm, 1789 Capital, invested in Polymarket.

The Democrats are calling for such prediction markets to be made illegal. It's not just the insider trading element which, of course, is disgusting. It's the fact that these can actually alert parties to the imminence of any such event happening which in the case of military action can have disastrous consequences for not just the US but the world.