Political Memes

2450 readers

505 users here now

Non political memes: !memes@sopuli.xyz

founded 3 years ago

MODERATORS

QuentinCallaghan@sopuli.xyz

266

Nothing to see here (lemmy.ml)

submitted 2 months ago by cm0002@lemmy.cafe to c/politicalmemes@lemmy.ca

11 comments fedilink hide all child comments

top 11 comments

sorted by: hot top controversial new old

[–] neidu3@sh.itjust.works 60 points 2 months ago

At least there was no REAL conflict of interest at play, such as peanut farming

[–] Hideakikarate@sh.itjust.works 41 points 2 months ago (2 children)

The fact that people can bet on world events sounds like something I would see in a Black Mirror episode.

[–] humanspiral@lemmy.ca 9 points 2 months ago

this is oil futures and not prediction markets. Futures have been around for a long time, and can serve the same purpose.

[–] silverneedle@lemmy.ca 4 points 2 months ago

Absolutely nothing Black Mirror-esque. This has been the case since the dawn of stock markets.

[–] stevestevesteve@lemmy.world 18 points 2 months ago

When do the riots start?

[–] minorkeys@lemmy.world 16 points 2 months ago* (last edited 2 months ago)

America is completely broken and will either become a collapsing mess or a tyrannically controlled mess.

[–] cyberpunk007@lemmy.ca 11 points 2 months ago (1 children)

opened a $20M oil?

[–] forestbeasts@pawb.social 22 points 2 months ago (1 children)

Probably "oil long" is the opposite of an "oil short", where you bet the price is going to rise, as opposed to betting it's going to fall? I don't know much about this stuff though.

-- Frost

[–] captainlezbian@lemmy.world 6 points 2 months ago (2 children)

Isn't the opposite of a short just buying stock/commodities? Maybe buying them on credit if you want to get 1920s with it

[–] humanspiral@lemmy.ca 2 points 2 months ago

futures are a leveraged bet on higher price (buy long) or lower price (sell short) by the 3rd week of a month.

[–] dermanus@lemmy.ca 1 points 2 months ago

Yes, but you can also be long in futures or options. They can be more profitable but are higher risk. Assuming that you aren't in the room for market shifting events anyway, then the bets are much more certain.