Gambling on Global Warming

Gambling on global warming? It sounds like a really bad made-for-the-internet soap opera. But apparently at one online betting site, you actually can. So move over carbon trading and Sir Nicholas Stern – Vegas is weighing in on the true likelihood of damages from climate change.

I figured that rated a column on a lazy Friday the 13th afternoon. And while not for the not for faint of heart – here are the bets and the odds listed on their website:

“Will any of the following occur?
Hollywood will be under water before 2015 +10000
A major motion picture studio will be under water +5000
A celebrity sea-side will be under water bef 2015 +500
“Water World” becoming a reality +30000

Which will cause more damage in California?
Global warming +5000
Earthquakes -9999″

You can look it up at BetUs.com under their sportsbook “other”. According to one news story on the subject, they have received over 3,000 bets.

My preference, let’s just invest in cleantech and next generation energy technologies and actually try to solve the problem, but if you happen to prefer to spend your money in casinos, be my guest.

Neal Dikeman is a founding partner at Jane Capital Partners LLC, a boutique merchant bank advising strategic investors and startups in cleantech. He is founding contributor of Cleantech Blog, a Contributing Author for Inside Greentech, and a Contributing Editor to Alt Energy Stocks.

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