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/biz/ - Business & Finance

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17441071 No.17441071 [Reply] [Original]

TIL the World Bank lets investors gamble on whether or not there will be a global Pandemic. To the tune of ~$320 mil.

>> No.17441081

as they should
predictit should have markets tracking coronavirus

>> No.17441120
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17441120

>>17441071
ummm hello, based department?

>> No.17441241

>>17441071
Ya it seems like a good way to create an emergency fund as long as it they actually unlock it when it's triggered. It's not that much money but would it cause people to hesitate when declaring an emergency? I doubt it is a consideration now, but it is the World Bank.

>> No.17441834
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17441834

They should double down and buy $nCoV with the money

>> No.17441883

>>17441071
Just skimmed really quick... doesen’t seem like they are actually literally betting on a pandemic or not

>> No.17441946

Who cares play stupid games win stupid prizes. Rich elites will all burn to hell and high iq peasants will fuck their dead bodies

>> No.17442185

>>17441883
You buy the bonds, putting in money, and if so many people die, you get a better return. If they don't, you don't. Of course it's gambling you dumbass.

>> No.17442355

>>17441071
they should gamble on coronacoin since it increases value everytime someone gets infected or dies...