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New York Times and The Athletic workers demand company scrap Kalshi deal

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Re: New York Times and The Athletic workers demand company scrap Kalshi deal

#51

Earlier quoted context omitted.

How is it unjust? A company is not owed any profits, if it gets rekt by an union then it gets rekt. It cannot say "oh its not fair you guys are fighting me, only I can fight you in a just fight!" Ridiculous logic.

you need things explained to you step by step yeah

[deleted]

Re: New York Times and The Athletic workers demand company scrap Kalshi deal

#52
post #44

Earlier quoted context omitted.

How is it unjust? A company is not owed any profits, if it gets rekt by an union then it gets rekt. It cannot say "oh its not fair you guys are fighting me, only I can fight you in a just fight!" Ridiculous logic.

whoosh GP is in favor of unions and thinks they perform beneficial public services. They don't. addendum: people who like unions because they balance the power relationship between employee and employer (i.e. the idiots downvoting me, idiots not because they like unions, but idiots because they are downvoting me) might see that as a public service, but it's not, that is a private relationship between employer and emp…

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Re: New York Times and The Athletic workers demand company scrap Kalshi deal

#53
post #34

Sports gambling is a cancer, as are prediction markets. None of it should've been legalized and all of it should be banned.

I would say prediction markets are more dangerous since they don't claim its gambling while sports gambling is much more explicit (not that the industry is a saint by any means)

It's also an obvious and cynical regulatory dodge. Prediction markets make the bulk of their profit from sports betting.

Re: New York Times and The Athletic workers demand company scrap Kalshi deal

#54
post #46

Someone tampered with the weather equipment at Charles de Gaulle airport for a Polymarket bet. This sort of thing is going to become so much more common going forward. https://www.theguardian.com/world/2026/apr/23/hairdryer-or-l... On another note, I had no idea the athletic was owned by NY Times.

There was also a story about a reporter who wrote a story about a missile strike and people who had bet against a missile strike applied a lot of pressure, including death threats, on the reporter to change his story.

https://www.washingtonpost.com/technology/2026/03/17/israel-...

Re: New York Times and The Athletic workers demand company scrap Kalshi deal

#55
post #34

Sports gambling is a cancer, as are prediction markets. None of it should've been legalized and all of it should be banned.

You do realise that countries other than the USA exist, right? The UK has had various forms of sports gambling legal for nearly 100 years and society hasn't crumbled and neither did sport.

Re: New York Times and The Athletic workers demand company scrap Kalshi deal

#57
The linked article is pretty interesting:

> found a pattern of [Polymarket] sharing false and misleading information

https://www.nytimes.com/2026/03/20/technology/polymarket-soc...

They don't have much to say about Kalshi other than "unlike real mainstream journalism, there’s no accountability". Which isn't saying much, because nobody is claiming prediction markets are a type of journalism.

Re: New York Times and The Athletic workers demand company scrap Kalshi deal

#58
post #45

Unfortunately, this shows how much facts and reality have been turned into nothing more than a loyalty test by both sides of our political debate. > A partnership between The Times (for The Athletic) and Kalshi would also provide validation that their prediction market data should be taken seriously as an indicator of the future. Facts prove otherwise. They could have objected to the partnership on any number of vali…

> Instead, they felt compelled to make a trivially false claim, the claim that prediction markets do not accurately predict the future. It's trivial to prove that this claim is false, because if it were true, it would be very easy for anyone to make a huge amount of money on prediction markets.

Isn’t that what’s actually happening though? Traders are making real money from bad predictions?

“These are the Sharps actually making money on prediction markets” Odd Lots podcast (Bloomberg) 2026 https://youtu.be/MFAnQpdgkZE

Re: New York Times and The Athletic workers demand company scrap Kalshi deal

#59
post #45

Unfortunately, this shows how much facts and reality have been turned into nothing more than a loyalty test by both sides of our political debate. > A partnership between The Times (for The Athletic) and Kalshi would also provide validation that their prediction market data should be taken seriously as an indicator of the future. Facts prove otherwise. They could have objected to the partnership on any number of vali…

> the claim that prediction markets do not accurately predict the future. It's trivial to prove that this claim is false, because if it were true, it would be very easy for anyone to make a huge amount of money on prediction markets

I'm not intimately familiar with prediction markets (I avoid gambling), but can you explain how this is the case? If the market unpredictably incorrect, then shouldn't it be difficult / impossible to predict precisely which bets will be wrong in a way that would allow you to profit from them?

Ultimately isn't it the case that all they're doing (at least from a prediction point of view) is aggregating (better or worse informed) guesses? Excepting outright corruption / insider trading of course. This might tell you a great deal about what the set of users of a given prediction market expect as an outcome for a given prediction, but it doesn't tell you anything about the future itself. Any more than the stock market (fails to) tell us to pull out money out the day before a crash.

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