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Late Stage Capitalism@lemmy.world · 8 hours ago

‘That was fun.’ As L.A. burned, online gamblers bet on how much the fires would destroy

www.latimes.com

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‘That was fun.’ As L.A. burned, online gamblers bet on how much the fires would destroy

www.latimes.com

Vosh@programming.dev to

Late Stage Capitalism@lemmy.world · 8 hours ago

4

'That was fun.' As L.A. burned, online gamblers bet on how much the fires would destroy

www.latimes.com

While Southern California was burning in January 2025, people online were placing money on potential outcomes. Experts say the possibility of making money on disasters can create dangerous incentives.

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or for insider trading that’s for sure

Late Stage Capitalism@lemmy.world

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