Overview
- Jacobin reports that CNN and CNBC plan to feature prediction-market data on air through new integration deals with Kalshi.
- Analysts describe these platforms as functioning like large-scale online bookies, despite their framing as trading venues.
- Kalshi and peers are portrayed as relying on a legal classification that treats event contracts as financial instruments rather than bets.
- Nieman Lab warns that embedding odds in political coverage could influence how people participate in elections and process news.
- Critics highlight risks including insider-style betting and markets on crises such as disease counts or Gaza, with some calling for outright bans.