Look, you're saying these markets "reveal truth," but let's get real about what they actually reveal. Back in 2016, prediction markets had Clinton at 85% to win. That wasn't truth—it was a catastrophic miss that journalists then amplified as certainty. And when they're wrong, news outlets don't walk it back with the same urgency.
You keep calling this "information," but here's the thing: a 72% chance of a policy passing isn't insight, it's a number dressed up as wisdom. News should explain the policy, not put a price tag on it. Every time a reporter slaps a Kalshi number on screen, they're subtly telling viewers that gambling odds are a valid way to understand the world. That's not journalism—it's a gateway to treating everything like a bet. And that erodes how we think about real stakes, like climate policy or human lives.
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