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Did anyone else think it was strange how fast legitimate news orgs (cnn for example) integrated prediction markets into their businesses?
by game_the0ry 3mo ago
Did anyone else think it was strange how fast legitimate news orgs (cnn for example) integrated prediction markets into their businesses?
- DonsDiscountGas 3mo agoNot really. It's easy "content"for them and adds a veneer of quantitative rigor to what would otherwise be pure vibes.
- mcmcmc 3mo agoNot sure why you’re getting downvotes, this is exactly the case, along with I’m sure a nice payoff from the prediction markets for sponsored segments. Same reason betting odds are so heavily integrated into sports news
- DonsDiscountGas 3mo agoMaybe people read it as an endorsement rather than an observation. No biggy, just Internet points. Though you have apparently rescued me from -2 to +5 so thank you.
- thrance 3mo agoI mean, it only feels weird if you missed Kalshi becoming a CNN partner 6 months ago. Media is entirely captured by capital, so I wasn't even surprised when they did that. https://news.kalshi.com/p/kalshi-cnn-prediction-market-partnership https://news.kalshi.com/p/kalshi-cnn-prediction-market-partn...
- jackb4040 3mo agoNot for those of us around in 2018 when they became QVC for sh*tcoins
- nlarew 3mo agoNot really? It's an interesting proxy for public opinion that requires zero investment from the news org. They don't have to pay a polling agency or wait for someone else to. Of course that suffers some likely substantial bias from oversampling a specific domain/sub-population
- fudgy73 3mo agoPainfully obvious when you realize how heavily involved the current administration is with both Paramount Skydance (CNN owner / Trump has equity) and Kalshi (Trump Jr has equity).
- nradov 3mo agoIt's no stranger than how fake news organizations like CNN started using random tweets as legitimate sources.