Matt Levine’s Money Stuff: Don’t Free Little Joe

Escape

Apparently there’s a gorilla named Little Joe. In 2003, he escaped from a zoo in Boston and had a brief spree of terror, but they got him back. Last week, it was announced that he’s moving to a zoo in Pittsburgh “to begin his own family,” mazel tov. On Polymarket, there is a betting market on “Will Little Joe escape again,” because that’s how financial markets work now. There’s about a 3% market-implied probability that he will escape before the end of July. “His scheduled transfer to another zoo or removal from the enclosure for vet visits ...