When the Pope was being decided in the conclave, people were betting on it. When there was hurricane or typhoons, people would also bet on the casualties. Have you seen people bet on about the war between Iran and Israel and now USA too?
If yes, do you think it is morally or ethically correct? For me, no. There are real people's lives at stake here. I think it is so tone deaf for people to bet on their lives. What do you think?
I think that humanity is finally sliding into the abyss of immorality if bets of this nature are in demand. I would say that this is already a sign of immorality, if these bets exist at all.
Firstly, society itself should regulate this. That is, people simply based on moral principles should not agree to such bets. But is this possible when money is at stake and for the sake of profit, people will still make such immoral bets?
Secondly, then the intervention of the regulator is needed, which "caring" about us introduced many rules to regulate the gambling sector (like the KYC obligation). So why do regulators not ask themselves about the immorality of such bets and do not apply any measures to the organizers?
I believe that all types of bets based on personal or public tragedies should be banned. Many call gambling entertainment. For example, betting on the number of victims of a typhoon is also entertainment? Gambling must be ethical.