this post was submitted on 06 Mar 2026
728 points (99.6% liked)

Political Memes

11280 readers
924 users here now

Welcome to politcal memes!

These are our rules:

1) Be civilJokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.

2) No misinformationDon’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.

3) Posts should be memesRandom pictures do not qualify as memes. Relevance to politics is required.

4) No bots, spam or self-promotionFollow instance rules, ask for your bot to be allowed on this community.

5) No AI generated content.Content posted must not be created by AI with the intent to mimic the style of existing images

founded 2 years ago
MODERATORS
 

you are viewing a single comment's thread
view the rest of the comments
[–] Squirrelsdrivemenuts@lemmy.world 52 points 1 day ago (5 children)

Wait.. why the fuck is there a betting site where you can bet on wars starting. What in the immoral fuck is that even about?

[–] merc@sh.itjust.works 16 points 1 day ago (1 children)

Boiling frogs.

  1. Farmers want a way to sell their crops before harvest time to guarantee a certain price, so they're protected by unpredictable swings in price. A market is set up for commodity futures, so a speculator can take that deal, and maybe make a lot of money if the price she sets with the farmer is well below the actual market value. This is seen as a good thing because the farmer gets to reduce their risk, while someone else gets the opportunity to make money by taking that risk on the farmer's behalf.
  2. This system expands like a cancer, so professional investors are soon buying derivatives on all kinds of things. Sometimes this is arguably good for the world, but many times it's just complex gambling, and it results in the housing-based financial collapse of 2007-08. Hedge funds and investment bankers manage to convince the regulators to let them keep the system as is, despite the crash.
  3. Wall street pushes to allow random people with no financial power, no training, no knowledge to also be able to get involved with derivatives, because having idiots on the other side of their bets is great for their bottom lines. It's much easier to make money from some random person using an app than it is to make money off another professional investor.
  4. Some clever person manages to reskin a gambling app as if it were an investment app, and allows people to "buy derivatives contracts" on just about anything. Nobody honestly believes that this is anything other than gambling. But, the regulators are all compromised and toothless, so now you can gamble on any of the 4 horsemen: war, famine, death or disease.
[–] TronBronson@lemmy.world 1 points 35 minutes ago

I mean I actually like derivatives for hedging. I used to get 6 year contracts for electricity prices for my business. They saved my ass during covid/ Russia war. Prices climbed so fucking high that power contract became a financial asset. I like the fact that I can insure my stock portfolio with put contracts, I like that I can generate some income selling call contracts, and yes sometimes I even do short term speculation with options. If it's good enough for Nancy Pelosi, it's good enough for me! that being said it has gone way to far and there should be way more regulations and oversight because it is just a big casino and robin hood would let a child buy calls if it could access the phone.

[–] Rothe@piefed.social 11 points 1 day ago

The answer to all of your question is: The US.

[–] DreamlandLividity@lemmy.world 3 points 1 day ago* (last edited 1 day ago)

Creative interpretation of reality. Polymarket pretends it is not a betting platform, since betting on wars and similar shit is banned even in the US.

[–] FinalRemix@lemmy.world 4 points 1 day ago (1 children)

You can bet on anything, man. It's like Money Plane but with words writing.

[–] Squirrelsdrivemenuts@lemmy.world 4 points 1 day ago (3 children)

My innocent european ass has never heard of money plane or polymarket before.

[–] AnUnusualRelic@lemmy.world 1 points 3 hours ago

I don't participate, but look at the odds on various things. It's entertaining.

[–] SaveTheTuaHawk@lemmy.ca 3 points 1 day ago (1 children)

It's been a thing in UK for decades. Big with morons.

[–] a_non_monotonic_function@lemmy.world 2 points 1 day ago (2 children)

People actually throw money away on this sort of shit?

[–] TronBronson@lemmy.world 1 points 31 minutes ago

Can you imagine having to pay out after some fake ass Jesus returned.

[–] SaveTheTuaHawk@lemmy.ca 2 points 1 hour ago (1 children)
[–] TronBronson@lemmy.world 1 points 32 minutes ago

Jesus fucking christ.

[–] SaveTheTuaHawk@lemmy.ca 1 points 1 day ago* (last edited 1 day ago)

It's about the USA in 2026? Been in jail or something?