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Jeff Yass Advocates for Prediction Markets to Prevent Costly Wars
Jeff Yass Advocates for Prediction Markets to Prevent Costly Wars
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BTCCSquare news:
Jeff Yass, the mathematician and poker player turned trader, believes prediction markets could revolutionize global conflict resolution. Drawing parallels to his transformation of options markets in the 1980s, Yass argues these markets WOULD expose the true costs of war—citing the Iraq War's $2-6 trillion price tag versus the initially projected $20 billion.
"If people know how expensive it’s going to be and how disastrous it’s going to be, they’ll try to come up with other solutions," Yass states. His vision extends beyond geopolitics, with potential applications in insurance, technology, and even dating markets.
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