Thwarted China markets in everything

Chinese Taylor Swift fans hoping to hedge their heartbreak by insuring against the downturns in the pop star’s love life are now out of luck.

Taobao, China’s largest online marketplace, has cracked down on vendors who were offering “insurance policies” on Swift’s reported relationship with British actor Tom Hiddleston.

The Hiddleswift plan offered double your money if the couple split up. According to China’s state-run Xinhua News Agency, Taobao vendors had begun taking bets on the pop star’s romantic fortunes last week, with the minimum wager set at 1 yuan (15 cents).

Here is the link, via Christopher Balding.

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