A Can’t-Lose Bet on Trump and Bitcoin

A wager involving Donald Trump and bitcoin gives new meaning to the phrase no lose proposition.

Gambling site BetMoose allows anonymous players to make wagers on all manner of events from the Oscars to the French presidential election. But one bet in particular has an odd payoff structure: Will Trump ban Bitcoin?

An anonymous player, “Protus,” has a wager for both “yes” and “no,” which might normally be a sort of arbitrage.

Protus, who has prevailed nearly 79% of the time over 220 wagers, should brush up on “The Art of the Deal.” He or she is American and the bet is payable in Bitcoin. A “yes” outcome would make it impossible to make good or to get paid. A “no” bet, on the other hand, is all reward with zero risk.

MoneyBeat » Bitcoin

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