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charcircuityesterday at 3:46 AM1 replyview on HN

>many others are simply taking a bet

Which can provide much needed liquidity to the market.


Replies

tsimionescuyesterday at 12:51 PM

That's irrelevant. It's still gambling, or even worse - direct payment for successfully attacking Cloudflare's infrastructure.

The point overall is that the "prediction markets" don't act as real insurance, it's just a tangential side effect for a minority of participants.