25 days ago
- CNN and CNBC have financial deals with Kalshi, a prediction market, and promote it extensively to viewers.
- Disclosure of the financial relationship is inconsistent; CNBC omitted it in at least 22 articles and on-air segments.
- CNN's 'The Odds' segment frequently features Kalshi, touting its accuracy, but it's paid and exclusive, preventing reporting on competitors like Polymarket.
- Kalshi's political markets are flawed, tending to compress toward 50%, overvaluing longshots and undervaluing favorites, misleading viewers.
- Kalshi's political markets represent only 4% of its trading volume, with sports accounting for 80%, but this is not disclosed on air.