• Silver Needle@lemmy.caEnglish
      4·
      10 hours ago

      Absolutely nothing Black Mirror-esque. This has been the case since the dawn of stock markets.

    • humanspiral@lemmy.ca
      9·
      17 hours ago

      this is oil futures and not prediction markets. Futures have been around for a long time, and can serve the same purpose.

  • minorkeys@lemmy.world
    15·
    19 hours ago

    America is completely broken and will either become a collapsing mess or a tyrannically controlled mess.

    • forestbeasts@pawb.social
      20·
      20 hours ago

      Probably “oil long” is the opposite of an “oil short”, where you bet the price is going to rise, as opposed to betting it’s going to fall? I don’t know much about this stuff though.

      – Frost

      • captainlezbian@lemmy.world
        6·
        19 hours ago

        Isn’t the opposite of a short just buying stock/commodities? Maybe buying them on credit if you want to get 1920s with it

        • humanspiral@lemmy.ca
          2·
          17 hours ago

          futures are a leveraged bet on higher price (buy long) or lower price (sell short) by the 3rd week of a month.

        • dermanus@lemmy.caEnglish
          1·
          18 hours ago

          Yes, but you can also be long in futures or options. They can be more profitable but are higher risk. Assuming that you aren’t in the room for market shifting events anyway, then the bets are much more certain.