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Comment by game_the0ry | Hacker News Reader

Did anyone else think it was strange how fast legitimate news orgs (cnn for example) integrated prediction markets into their businesses?

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Not for those of us around in 2018 when they became QVC for sh*tcoins

Painfully 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).

Not really. It's easy "content"for them and adds a veneer of quantitative rigor to what would otherwise be pure vibes.

Not 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

Maybe 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.

It's no stranger than how fake news organizations like CNN started using random tweets as legitimate sources.

I 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-partn...

Not 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

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