> Are you gonna tell me residents in Tel Aviv will be able to hedge their chances of surviving tomorrow?
Yes, of course! If you had some advance warning your home town was likely to be struck with missiles soon, are you seriously saying you can't think of a single thing you could do to prepare? I would, at a minimum, make sure I was stocked up on first aid supplies, water, and food that I could eat without needing power or gas to cook it.
[delayed]
And don't you see the other part of the medal?
That there are economical incentives to make it happen just to make money?
Such events have little-to-no "wisdom of the crowds" those events decided by a handful of people. And their consequences catastrophic.
What if there was a derivative for whether you will be hit by a car tomorrow?
What would you say if there was a contract on whether your county will burst in flames this month?
Are you happy because you can hedge this event, or don't you realize the obvious peril?
> That there are economical incentives to make it happen just to make money?
I don't see how there is. The liquidity in a prediction market is not high enough to compensate for the expense of going to war.
The war was going to happen irregardless of the prediction market. The prediction market only let us know when it was going to happen with some hours to spare.