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Unknown traders bet $760m on oil prices dropping minutes before Hormuz reopened (thecradle.co)

submitted 15 hours ago by rss@news.abolish.capital to c/pravda_news@news.abolish.capital

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Repeated, strategically timed trades in oil and prediction markets suggest a rising trend of insider profiteering connected to the war

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[–] Alexstarfire@lemmy.world 4 points 10 hours ago

If they didn't predict this kind of thing happening in their market then they are incredibly stupid. It's an unregulated "market" where anyone can place a prediction on an outcome. The only limitation is certain types bets aren't allowed, like betting on someone life. And I'm not sure how strictly that's enforced.