President has claimed the US needs to acquire Greenland for national security purposes — a move that European allies see as a threat to the Arctic island’s sovereignty
Because people with huge amounts of money also have inside information.
If the markets showed more favorably, it would be a legitimate indicator that there are more discussions of this happening amongst top brass. That there are no people nakedly staking profiteering bets on this is legitimate information worth comparing against the presidents words.
Like I understand polymarket and kalshi are gross things and they’re morally bankrupt, but surely you understand why a journalist would reference this very legitimate barometer of information…?
I’m vaguely sure the whole point of inside information in these cases is betting against the market, which results in better payouts. Or at least, making big bets on 50/50 things just before they happen, instead of sitting in a pile of nobodies with 90% chance and zero profit.
Because people with huge amounts of money also have inside information.
If the markets showed more favorably, it would be a legitimate indicator that there are more discussions of this happening amongst top brass. That there are no people nakedly staking profiteering bets on this is legitimate information worth comparing against the presidents words.
Like I understand polymarket and kalshi are gross things and they’re morally bankrupt, but surely you understand why a journalist would reference this very legitimate barometer of information…?
I’m vaguely sure the whole point of inside information in these cases is betting against the market, which results in better payouts. Or at least, making big bets on 50/50 things just before they happen, instead of sitting in a pile of nobodies with 90% chance and zero profit.