this post was submitted on 11 Apr 2026
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top 19 comments
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[–] Grandwolf319@sh.itjust.works 74 points 4 days ago (3 children)

Never understood how people can be so dumb to gamble with something that has insider trading written all over it.

It’s like trying to win money in boxing when your not a boxer yet your going against professionals

Gambling for schmucks.

[–] 1984@lemmy.today 4 points 3 days ago* (last edited 3 days ago)

Its not dumb if you know which way its going to go. Free money. People actually do this with the stock market too. They watch for huge volumes being bought or sold by the big investment firms and do the same to try and get some of the profits.

[–] blimthepixie@lemmy.dbzer0.com 47 points 4 days ago (2 children)

I'll put $2 on no

I can afford to lose that based on the return of almost a grand

[–] SocksPls@lemmy.dbzer0.com 73 points 4 days ago (3 children)
[–] prole@lemmy.blahaj.zone 8 points 3 days ago

How is this man even real

[–] ShinkanTrain@lemmy.ml 9 points 4 days ago

STOP THE COUNT

[–] jj4211@lemmy.world 16 points 4 days ago (1 children)

Problem is that is what the insider traders are counting on. They know it is going to happen, it's planned to happen and the odds reflect that. So a few million folks toss in a couple of bucks and the insiders cash in.

Outsiders can't be 100% sure that it's a planned event so they don't take the terrible odds and the insiders don't have to split things.

If it has anything to do with this administration and the options are to crime or not to crime, it is always to crime.

[–] starik@lemmy.zip 27 points 4 days ago

Allah must be so confused right now

[–] null@lemmy.org 19 points 4 days ago (2 children)

Do insider trading laws cover bets or is it only stocks?

[–] kate@lemmy.uhhoh.com 26 points 4 days ago (1 children)

do insider trading laws cover stocks anymore??

Not if you're rich and/or connected enough.

So basically like all US "white collar" crimes

They will be pardoned for federal crimes. It doesn’t matter. State laws are the only option if you want to hold any of them accountable.

[–] MidsizedSedan@lemmy.world 15 points 4 days ago

Imagine showing this to someone in 2016. I wouldn't believe it

[–] Karl@literature.cafe 1 points 4 days ago (1 children)

The image isn't loading. Someone tell what it's about?