Squiz Shortcuts: Wagering on warfare

When the US and Israel launched their military operations in Iran in late February, some anonymous online gamblers made a lot of money. They’d placed bets on that exact event taking place, as well as the country’s Supreme Leader, Ayatollah Ali Khamenei, being either killed or removed as leader. It’s part of a rise in online gambling sites that take bets on real-world events, so in this Squiz Shortcut we’ll explain what these sites are, how they work, and why they’ve got some experts extremely concerned. Squiz Shortcuts is the backstory to the big news stories. Squiz Recommends:  Reading: This article by UNSW discusses the issues arising from betting on warfare… Reading: This piece in CNN looks at the Trump family’s investment in prediction markets with Truth Predict… SPONSORED - Head to airbnb.com.au/staysafe. it's packed with easy-to-follow safety advice from the experts at Surf Life Saving Australia and more. SPONSORED - Find out what Australians think AI's biggest benefits will be at safeai.org.au. Got a suggestion for a Squiz Shortcut topic? We'd love to hear it - email us at [email protected] ⁠Squiz Shortcuts⁠ is your back story to the big news stories… Want the email version? Sign up for the free Shortcuts newsletter here.