Israeli Soldiers Accused of Using Polymarket To Bet on Strikes (wsj.com)
- Reference: 0180788344
- News link: https://news.slashdot.org/story/26/02/13/1949236/israeli-soldiers-accused-of-using-polymarket-to-bet-on-strikes
- Source link: https://www.wsj.com/world/middle-east/israeli-soldiers-accused-of-using-polymarket-to-bet-on-strikes-72d53012
> Israel has arrested several people, including army reservists, for allegedly using classified information to [1]place bets on Israeli military operations on Polymarket . Shin Bet, the country's internal security agency, said Thursday the suspects used information they had come across during their military service to inform their bets.
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> One of the reservists and a civilian were indicted on a charge of committing serious security offenses, bribery and obstruction of justice, Shin Bet said, without naming the people who were arrested. Polymarket is what is called a prediction market that lets people place bets to forecast the direction of events. Users wager on everything from the size of any interest-rate cut by the Federal Reserve in March to the winner of League of Legends videogame tournaments to the number of times Elon Musk will tweet in the third week of February.
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> The arrests followed reports in Israeli media that Shin Bet was investigating a series of Polymarket bets last year related to when Israel would launch an attack on Iran, including which day or month the attack would take place and when Israel would declare the operation over. Last year, a user who went by the name ricosuave666 correctly predicted the timeline around the 12-day war between Israel and Iran. The bets drew attention from other traders who suspected the account holder had access to nonpublic information. The account in question raked in more than $150,000 in winnings before going dormant for six months. It resumed trading last month, betting on when Israel would strike Iran, Polymarket data shows.
[1] https://www.msn.com/en-us/politics/government/israeli-soldiers-accused-of-using-polymarket-to-bet-on-strikes/ar-AA1Wd7OY
Sigh (Score:4, Insightful)
When Admiral John Poyndexter originally proposed a stock market for violence, terrorism, and conflicts, as a means to "predict" them, absolutely everyone pointed out that you'd get the equivalent of insider trading by terrorists, warlords, and psychopaths. Which is precisely what we're seeing.
Re: Sigh (Score:3)
And if you know that that is the case... maybe you can watch for it.
Re: (Score:3)
Watch for it? We're funding it.
Re:ouch'e (Score:2)
Insider-trading analogues ... a foundational flaw in market systems ... are ubiquitous and toxic. Do you want to encourage theft and murder -- ubiquitous in a free society ... because then you can "watch for it"?
Re: (Score:2)
It's a double-edged sword. You're in effect bribing your enemies to divulge their secrets, which is good... but you're also going to end up giving them money, possibly to fund the very terrorist activities you're fighting which is not so good.
Re: (Score:2)
> It's a double-edged sword. You're in effect bribing your enemies to divulge their secrets, which is good... but
And also, as in this case, you're in effect bribing your employees to divulge your secrets.
Mmmmh (Score:2)
Israel, soldiers, strikes, betting...I fail to see the 'news for nerds, stuff that matters angle'.
Found it! There's 'online' somewhere in the text.
Re: Mmmmh (Score:1)
Have you seriously never heard of polymarket and the whole thing behind it?
In that case it really is news for nerds, isn't it?
Re: (Score:2)
It's being done with a computer ! I guess somebody better patent it quick!
Re: Mmmmh (Score:2)
"Have you seriously never heard of polymarket"
No.
Re: (Score:2)
> "Have you seriously never heard of polymarket"
> No.
[1]https://slashdot.org/index2.pl... [slashdot.org]
[1] https://slashdot.org/index2.pl?fhfilter=polymarket
Re: (Score:2, Insightful)
Considering these evil people are wrecking everything for everybody, it's news for nerds too, classism affects everyone negatively.
Genocide is bad, but have you tried... (Score:3, Insightful)
personally profiting from genocide?
Re: (Score:1, Insightful)
Thou Shall Not Kill
Thou Shall not Covet Thy Neighbors Stuff
The Israelites, not the the Israelis, were given the Ten Commandments and we can see that they have clearly broken them. Do they really think Palestine is theirs? No, they're just unethical greedy and abusive people in a position of power stealing from the powerless. This is just what classism and greed looks like.
This isn't about Israel, this is about criminal behavior by the powerful. This is what corruption, injustice and tyranny looks like. The
Re: (Score:2)
The term "Palestinian" historically never existed before 1964, when the Soviets taught Yasser Arafat to rebrand his movement as that. In fact, before the creation of Israel in 1948, the term "Palestinian" was exclusively used to refer to Jews , not Arabs. Once Israel did get created, Jews were no longer referred to as Palestinians, just Israelis
Also, historically, when that area was under muslim rule - be it Arab or Turkish, there never was a Palestine. During the Arabs, it was ruled directly from Damas
Re:Genocide is bad, but have you tried... (Score:4, Insightful)
> Thou Shall Not Kill
To be clear, that was largely resolved as a debate in Israel during the Maccabee era: violence is acceptable in self-defense (and Hamas wants to push Israel into the sea).
Re: (Score:1)
> To be clear, that was largely resolved as a debate in Israel during the Maccabee era: violence is acceptable in self-defense (and Hamas wants to push Israel into the sea).
I think you better look at the map.
Re: (Score:3)
OK, I looked at a map. Excellent, it was as I expected.
Do you have any other vapid requests?
Re: (Score:3)
> Yes, but they're Gods promised people in their promised land. Pretty sure God also promised some crypto to them.
In sharp contrast to the Arabs, who conquered lands that were never theirs - from the Maghreb to Babylon. Unlike the muslims, the Israelis are native to that land, and also unlike the Arabs, they're not trying to conquer other countries, or force people at gunpoint to accept Judaism
All the difference (Score:3, Insightful)
Eradicating people for profit appears underrated when personal wealth is involved. Just ask Benjamin Netanyahu.
It's unconscienable that Israel has murdered tens of thousands of Palestinians, especially *because* of the Holocaust.
Obviously, the modern Israeli leadership has been perfectly willing to emulate the Nazi regime by implementing a Holocaust of their very own.
Re: (Score:2)
The holocaust holds them back from doing what they really would like to do; it is heavily exploited by them as a rhetorical weapon that also imposes constraint. When they win enough of the war on reason, hypocrisy will become the virtue it already has for the GOP of America.
Re: (Score:2)
Israel has killed people out to murder them - something that all countries reserve a right to do
If you want a holocaust, just look at the islamic regime in Iran vs its people
Re: All the difference (Score:2)
How much hatred can one piece of shit fit into one post?
Re: (Score:3, Insightful)
> personally profiting from genocide?
It's a weird "genocide" that results in the "palestinian" population being six times what it was when Israel became a modern state.
"You keep using that word. I do not think it means what you think it means ..."
Re: (Score:2)
Oh, in that context it excuses all the murders. Thanks for clearing it up!
Re: Genocide is bad, but have you tried... (Score:2)
Self defense is not murder. Even if the defender is Jewish.
Re: (Score:2)
Yeah, the murder of Jews by Hamas and other jihad terrorists
Re: Genocide is bad, but have you tried... (Score:2)
Give us a fucking break. Plenty of good people of all types in the world, including Muslims in Israel.
Re: Genocide is bad, but have you tried... (Score:2)
They know exactly what it means and they misuse the word out of hatred.
Betting sites are a front of public corruption (Score:5, Insightful)
We also saw a case recently where someone won $400k betting Maduro would not be in office and itâ(TM)s thought they are likely a DOD or Trump admin insider.
Polymarket and other betting sites have basically become a way for insiders to profiteer on non public information but in a way that endangers states by adding a personal profit motive to govt policy that extends far beyond actual decision makers or those in a position to award govt contracts and now anyone around the water cooler can do it.
Re: Betting sites are a front of public corruption (Score:2)
Itâ(TM)s not just a concern over insider trading â" how long until someone decides to get rich by betting on someone being assassinated, and then does it?
Re: (Score:3)
Aside from being clearly illegal internet gambling and an affront to the law; this is a good place to lure the corrupt into a trap. You just have to actually remove the corrupt people for it do any good.
"Pardoning the Bad, is injuring the Good."
-Franklin
InsiderMarket was already taken (Score:2)
They had to go with Ploymarket because the name they wanted was already traken.
Re: (Score:2)
That would have been taken by Hamas, and the islamic regime in Iran