Big Smile, No Teeth: Betting on the wisdom of the crowds

Unlike the 'normal' betting systems, prediction markets let you bet on anything. Literally. Who’s going to win the World Cup? Yeah, you can bet on that for sure. But what will the temperature be in Seattle tomorrow? You can bet on that too. It’s a bit nuts. If it can happen, you can bet on it. — 123rf

George Santos, a former US Congressman and convicted fraudster, recently offered 55% off his Cameo video, probably because he’s facing a federal investigation for insider trading. Not insider trading on stocks. Insider trading on himself.

(A Cameo video is a personalised, paid video message from a celebrity, athlete, or influencer that you can buy for special occasions – eg, birthdays – by placing a prompt on the Cameo platform.)