Betting on weird things and the issues related

[Byebyebtc]

It's actually my first time hearing about weather betting, is that another new one ?
I personally like how gambling is getting creative, don't you think this will reduce additional??

Imagine you gamble at different things, like rush hour, or wether forecast betting, it will give more a feeling prediction rather than making money I do feel that it could redirect the way some addicted individuals see gambling, at least it could reduce addiction
So I do support all these new form of gambling

[Davidvictorson]

~snip~

I would say that we haven't seen anything yet.
The prediction market may just as well be the singular factor that would make us see the rising in gambling addiction, problem gambling on a scale that we have never seen before.
They will not be able to stop or control the insider trading that would soon arise from these.
Sadly, I do not see away that the authorities can do anything about it, unless they ban it completely which is not even possible.

[bhadz]

It's actually my first time hearing about weather betting, is that another new one ?

When it's with the odd or weird things to bet for, you'd see mostly them for the first time. But this didn't surprised me, I've seen enough long time ago and that's why if it's with this weather prediction or betting, there must be some other more weird stuff to bet on.

I personally like how gambling is getting creative, don't you think this will reduce additional??

I don't think so, there will be more creativity to it and as long as the casinos are willing to extend further and give their customers the entertainment they need, we might see more from them being done for as long as they see that there's a demand for it.

[AVE5]

Did you trust the casino offering the games? This means you are also trusting the games they are offering!
These kinds of bets should be taken... without any kind of expectation. However in some cases the insider trading and other intrinsic risk are high compared standard bets on sport.  

It's really not a joke with the saying you can't beat the house edge.
If we can rate the trust levels we've on any market or game providers, it's doubt able if anyone is claimed to honestly trust it 100%.
Some players had also seem to lost their minds in trusting one that much could simply be that they've been lucky on winning with smooth withdrawal experiences.
It'd also seem impossible that someone can actually win in some natural events markets until when someone wins then they'll always trace it to be an insider bet. Sometimes I question myself why they actually confront winners who somehow managed to win.

[Alphakilo]

It's actually my first time hearing about weather betting, is that another new one ?
I personally like how gambling is getting creative, don't you think this will reduce additional??

Imagine you gamble at different things, like rush hour, or wether forecast betting, it will give more a feeling prediction rather than making money I do feel that it could redirect the way some addicted individuals see gambling, at least it could reduce addiction
So I do support all these new form of gambling

The rise in all these kinds of bet is what gave birth to the predictions market in the first place and I doubt such kinds of random bets on just about anything is or should be classified under a regular sports betting platform because it doesn't quite fall into the category of a kind of sports.
This is what makes me believe that the predictions market in order to survive today's day and age regulations should be allowed to have their own separate regulations that is distinct from regular sportsbetting platforms.
My concern though is how such bets are easily manipulated and the rise of insider trading activities which makes this kind of unfair to the regular person just trying to win some food amount of funds.

[Smack That Ace]

so people bet on who would become the next pope, and the craziest thing is that if you check those who are betting on this, they are christian and I thought Christians are not expected to be gamblers. It is crazy that people are betting on some things that is not worth betting on.
I don’t think I have bet on any crazy thing like this things before, I understand that people can bet on political positions, but betting on a religion position is something that is surprising to me.
I believe there are a lot of crazy and nasty things people still gamble on, honestly gambling is becoming something else .

Today, prediction markets are designed in such way that we can place financial bet on any subject. Be it weather, papal election or celebrity divorce. Gambling is no longer limited to casino or playing card, it has now been brought to drawing room of ordinary people with guise of information market or future trading. Whenever people around the world are watching an event, capitalism creates a betting market to use it for financial gain.

Actually there is no rule that a follower of any particular religion will become a saint and follow all the rules. history of gambling among Christian is very old. And if betting on political position seems normal to you, then papal election is also huge political process at the end of the day!!! Huge power politic work behind who will be pope inside the Vatican. So from perspective of prediction market, there is no difference between papal election and American presidential election. So you can bet on it as a kind of power game, not from religious perspective.

[OgNasty]

I know when people bet that Strategy would sell Bitcoin and then they did, the prediction market got it wrong and a lot of people lost a lot of money thinking they had a sure thing. That’s why you need to be careful in new markets with unestablished rules. You never know what will happen when things don’t go according to plan.