>many others are simply taking a bet
Which can provide much needed liquidity to the market.
That's irrelevant. It's still gambling, or even worse - direct payment for successfully attacking Cloudflare's infrastructure.
The point overall is that the "prediction markets" don't act as real insurance, it's just a tangential side effect for a minority of participants.
That's irrelevant. It's still gambling, or even worse - direct payment for successfully attacking Cloudflare's infrastructure.
The point overall is that the "prediction markets" don't act as real insurance, it's just a tangential side effect for a minority of participants.