Betting On Everything
Forget betting on just the big game. The latest hot thing in wagering allows you to place money on the weather, corporate results—even how wars are fought. And it’s a multibillion-dollar industry.
Some people want to bet on everything—even a potential military tragedy. On April 3, right after a U.S. fighter jet was shot down over Iran, America’s Special Operations Forces sprang into action, aiming to find two downed airmen.
At the same time, gamblers on the prediction site Polymarket had action of their own: They wagered on when the pair would be rescued. That day, 63 percent placed money on contracts that the Americans would be saved by April 4. The market for finding the downed airmen generated deserved blowback. “This is DISGUSTING,” Sen. Seth Moulton, a former Marine, posted on X. The contract was swiftly canceled with an apology from Polymarket.
The …
