Meaning of assassination market | Babel Free

Definitions

A prediction market where one can bet on the date of death of an individual.

Examples

“Earlier this month, the non-profit Forecast Foundation launched its Augur protocol on the Ethereum network in a bid to create the first blockchain-based betting platform. Now, Augur is hosting several wagers where users bet on when a public figure will die, with a pot of digital money going to whoever makes the correct guess. This type of betting is referred to as an “assassination market” because it arguably incentivizes someone to guarantee a win by offing the person themselves.”

CEFR level