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42 segments
There was just a lawsuit against um
forgive me because I don't know the it
was whether somebody in the military who
knew about the Nicholas Maduro capture
>> it that was inevitable uh who put a bet
on whether or not he would be captured
by the end of that day and he cashed out
you know 30 whatever fortune. There are
people who work at Google who um bet on
what would be the most googled thing
that year. Um who knew obviously in the
database what's in the database. Oh,
here's a scary example.
>> Um
>> there are questions right now about the
wildfires that are happening in Oregon.
Oregon and this has not been I'm not
this is just questions people are asking
but like there are poly markets that are
asking how many acres will burn in
Oregon by the end of the week and there
have been people who have discussed
would it be possible for somebody to
make a bet that it would reach a certain
number of acreage and then go out and
and set fires
>> and set the fires. So you can see all of
these examples of people who um or let
me give you one more example. The
teleprompter technician for Trump's
speeches put bets on how many words like
which words he would say in mention
markets. So all that to say, like this
is a place for people in the no to make
money on the the information that they
have, which to me
>> is like so antithet anti antithetical.
Thank you. to a free market and to like
that's not how capitalism works. That's
not how like that's cheating. That's
lame. That's stupid. And I judge you for
doing it. That's my opinion.
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The video discusses the ethical concerns surrounding prediction markets, where individuals with insider information use it to profit from bets on various events, ranging from political occurrences to natural disasters.
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