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Gamblers can now bet on the outcome of wars – and that’s a problem

  • Written by: Karoline Thomsen, Ph.D. Candidate, UNSW Sydney

The growing threat of conflict in the Middle East last week prompted a flood of activity in a little-known area of betting: prediction markets in which users can bet on a particular military action.

One user of the Polymarket betting platform won US$4,500 (A$6,350) by predicting the exact date of the United States striking Iran.

In total, Polymarket...

Read more: Gamblers can now bet on the outcome of wars – and that’s a problem

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