Warren Buffett gambled on our future online and won $2 million, but what exactly is Long Bets website and why are Gen Z TikTokers suddenly paying attention?
"I wanna hear about these long bets," one comment read, and hundreds echoed the sentiment."They should make a movie about this," one comment read.Whether skeptical or enthusiastic, comments from TikTokers showed they wanted to know more about the long-term wagers.Buffett's proceeds went to Girls Inc. of Omaha in his hometown. The organization has helped underserved girls in the area since 1975.
Like Buffett, gamblers must choose a charity to which their winnings will be donated once the duration of the bet ends. That way, if you're betting on an event happening 100 years from now, the money can still be used as the winner intended. The minimum period of prediction time starts at two years and there's no maximum amount of time. So, yes, betters can make a prediction about something hundreds of years in the future, and some have.Long Bets
In order to publish a prediction, you must present an argument and pay a $50 fee. If the prediction is challenged by another user, the minimum stakes for a long bet on the site from either side is $200, according to
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