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by jimkleiber 105 days ago
Well markets give a huge financial incentive for it. Before you had to get paid a bribe for an intelligence agent. Now you can just "legitimately" bet on a market. It's a LOT easier and more spread out, I imagine.
2 comments
spiderice 105 days ago
The existence of banks gives a huge financial incentive to rob them. That doesn't mean we should get rid of banks. It means we should create a huge disincentive to rob them (which we do). Same thing needs to happen to people using national intelligence secrets in prediction markets.
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thephyber 105 days ago
That requires active participation in regulation and enforcement.

If anything, this administration is moving the other direction when it comes to betting markets, crypto, investments, etc.

What you are saying is logical for how enforcement should happen, but it isn’t happening that way.

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jimkleiber 103 days ago
Banks are about saving money and reducing risk. Arguably when they got into high risk investments to make high reward is what contributed to the 2008 recession.

Not sure if banks are the best example of proving the country is not headed towards high risk gambling.

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dmantis 105 days ago
On the other hand, it provides the whole world with the information and not just some spy agency. Isn't that more fair system?

And people dying in question is army, professional murderers for hire themselves, not a big loss.

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