James
17.4K posts

James
@jimsfear
| human being | photographer | writer | cat slave

JUST IN - U.S. Treasury issues new 30-day licenses permitting the sale of Iranian crude oil and petroleum products — Reuters


American Power. 💪

This is totally insane. A war correspondent just received death threats from online gamblers who wanted him to change his reporting on an Iranian missile strike so they could collect a payout. One bettor had $900,000 riding on the outcome. He told the journalist he knew where he lived and who his family members were. This is what prediction markets on life and death actually look like in practice. This is exactly why I introduced the DEATH BETS Act with Senator @AdamSchiff. The DEATH BETS Act would ban contracts on assassinations, deaths of world leaders, and acts of war on platforms like Polymarket. This story shows exactly why that matters. When you let people place million-dollar bets on whether a missile kills someone, you create a financial incentive to threaten journalists, manipulate information, and profit from human suffering. washingtonpost.com/technology/202…
























