America's Betting Craze Has Spread to Its News Networks
a day ago
- #media
- #prediction-markets
- #gambling
- CNN and CNBC have partnered with Kalshi, a prediction market platform, to integrate betting odds into news coverage.
- Prediction markets like Kalshi and Polymarket use odds to reflect probabilities, attracting billions in valuation and investment.
- Journalists increasingly cite betting odds in political coverage, though ethical concerns and potential for insider trading arise.
- News organizations face financial pressures, leading to partnerships with gambling platforms despite moral reservations.
- Prediction markets could combat misinformation but also risk fueling gambling addiction and public health crises.
- Kalshi and Polymarket are battling legal challenges while expanding into markets like extreme weather and political events.
- Critics argue that promoting betting odds in news coverage may exploit vulnerable individuals and distort journalistic integrity.