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snot

(11,674 posts)

6. Actually, not that "new."

Reply to dalton99a (Original post)

Sat Feb 28, 2026, 01:11 PM

Saturday

Prediction markets may not have existed until recently, but speculation for profit sure has.

"War like any other racket, pays high dividends to the very few. The cost of operations is always transferred to the people who do not profit."

"A racket is best described, I believe, as something that is not what it seems to the majority of people. Only a small inside group knows what it is about. It is conducted for the benefit of the very few at the expense of the masses.

– General Smedley Butler's speech in the U.S. (1933); later published as a book, "War Is a Racket", www.businessinsider.com. 1935.

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Highlight:

War is the new get-rich-quick play on prediction markets [View all] dalton99a Saturday OP

Was it the USSC or SEC (can't remember) who just approved prediction markets for IRAs? nt in2herbs Saturday #1

Money Greed War Hey Joe Saturday #2

I'd like to see how many Administration insiders and cronies made war bets. And how much they won. Midnight Writer Saturday #3

+1. Just like the tariffs scam and the stock market dalton99a Saturday #5

It's not new.. yourout Saturday #4

Actually, not that "new." snot Saturday #6

I suspect some of these sites are illegal...don't risk your money! SWBTATTReg Saturday #7