floofloof@lemmy.ca to News@lemmy.worldEnglish · 4 days agoSenators demand crackdown on wildfire "prediction markets"arstechnica.comexternal-linkmessage-square19linkfedilinkarrow-up1121arrow-down10cross-posted to: [email protected]
arrow-up1121arrow-down1external-linkSenators demand crackdown on wildfire "prediction markets"arstechnica.comfloofloof@lemmy.ca to News@lemmy.worldEnglish · 4 days agomessage-square19linkfedilinkcross-posted to: [email protected]
minus-squareturmacar@lemmy.worldlinkfedilinkarrow-up8·4 days agoThey’re trying to say that the guess of the “prediction market” will give early warning to evacuate. It’s been one of their “We’re not gambling” defenses but applying it to wildfires really highlights how bonkers it is.
minus-squarevala@lemmy.dbzer0.comlinkfedilinkarrow-up5·3 days agoThis is what I thought but I was hoping that was way too stupid to be real.
minus-squarejoe@lemmy.worldlinkfedilinkEnglisharrow-up6arrow-down1·3 days agoIt intentionally ignores the very real scenario where someone places a bet predicts that a fire will start and then goes out and starts the fire to win that bet have a correct prediction.
They’re trying to say that the guess of the “prediction market” will give early warning to evacuate.
It’s been one of their “We’re not gambling” defenses but applying it to wildfires really highlights how bonkers it is.
This is what I thought but I was hoping that was way too stupid to be real.
It intentionally ignores the very real scenario where someone
places a betpredicts that a fire will start and then goes out and starts the fire towin that bethave a correct prediction.