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"Roughly, this is equivalent to pairing with another (innocent) trader, each putting up $50,000, and flipping a coin for the pot."

Seems like a better game if the other party is not so innocent, or independent...



If the other party is not so innocent, I believe that counts as market manipulation, which is highly illegal.

There's not much incentive here to do that, anyway; it doesn't increase your expected value over the original coin flip.




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