posted in Technology
News Organizations Like CBS Embracing Prediction Markets as “Journalism” Is a Deep Moral Disgrace: Prediction markets like Polymarket and Kalshi operate in a regulatory vacuum.
futurism.com/future-society/news-organizations-cbs-prediction-markets-journalism
The problem is they report betting odds as probabilities that something will happen instead of what they really are: pure guesses
Replying to @inari@piefed.zip
If someone haven’t already, someone should see how these gambling sites compare to random chance
Replying to @matt1126@feddit.uk
Someone should see how many of the winning gambles were based on insider information.
Replying to @SillyDude@lemmy.zip
insider information makes them useful predictions.