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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

#171

Post by vovavili »

pyrale wrote: post #79
vovavili wrote: post #70

Earlier quoted context omitted.

[flagged]

> Prediction markets are a wonderful idea Yeah, it's just like being able to take an insurance policy on other people's lives. It's a wonderful idea for all of 15 minutes until people start getting murdered. > bare minimum of regulation No amount of regulation will solve the issue when what you can take insurance on is not regulated. Prediction markets are to insurance the same as crypto is to banking: a speedrun of…

What an enormously tendentious and underinformed take.

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

#172

Post by handoflixue »

freejazz wrote: post #69
tantalor wrote: post #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.

This website has been full of people that say it's better than journalism, so I don't think you're really capturing the entirety of the dynamic

Journalism is one particular way of trying to learn about the world. Academics are another, the scientific method is a third, and so on.

Claiming that something is a better way to learn about the world is NOT the same as claiming it is using a specific method, or part of a specific tradition.

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

#173

Post by xyzelement »

I hate prediction markets but simultaneously find this a little rich.

I think most people have experienced what Michael Chrichton called Gel Mann Amnesia - the idea that newspapers feel accurate except about topics you know about.

Whenever I read about topics I know about: such as my employer, a political topic I am particular familiar with, etc - the reporting is usually off in what MC called a "wet streets cause rain" kind of way.

I haven't seen any accountability for this kind of reporting. If a newspaper wrote that someone was born in 1980 but it was actually 1985 they may correct that but the broader theme of articles being inherently misleading to reality is rampant and I suspect significantly worse than when MC conceptualized this problem.

That's to say I am not sure there's a practical standard to which a random times writer is held that kalshi isn't to. If anything I think kalshi is more clearly presented as "a bet" vs "the truth" so I don't understand the meat of the grievance.

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

#174

Post by utternerd »

giwook wrote: post #138
logicchains wrote: post #135

Earlier quoted context omitted.

[flagged]

Where is that "less than 1%" figure coming from or did you just pull that out from you-know-where? And alcohol has always been highly accessible. I have 5 stores within a 5 minute walk of me that I can get it from, and that's not to mention all of the restaurants and bars within that same radius. Addiction is addiction. Alcohol is one object of that addiction. Sports betting can be another. Porn, food, drugs, etc. Wh…

[flagged]

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

#175

Post by creaturemachine »

nightpool wrote: post #100
swozey wrote: post #94

Earlier quoted context omitted.

Predication markets are literally causing people to start wildfires across the globe , I thought it was just a USA thing going on, but it's global.

Do you have any sources for this? My understanding is that all of the discussion about prediction market wildfires are completely speculative, nobody has actually started a wildfire for a prediction market payout yet.

It used to be out-of-work firefighters doing it for a paycheque. Now I guess they can collect without leaving the couch.

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

#176

Post by nomilk »

freejazz wrote: post #167
cft wrote: post #152

Earlier quoted context omitted.

Prediction markets as a news source are politically unbiased and nonpartisan , and this is what the establishment people here don't like.

They are partisan. It's just whoever decides to make the bets. Like the 2022 election situation was just one big whale. There's just nothing about it that makes it inherently non-partisan.

A partisan bet makes the opposite position slightly more profitable, attracting bets which equilibrate the market back at fair prices (i.e. realistic probabilities)

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

#177

Post by jmull »

consensus1 wrote: post #83
tantalor wrote: post #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.

And I hope nobody is claiming that mainstream journalism has any accountability

I do.

I’m open to being convinced, but if you’re claiming mainstream media has no accountability, I think you need to substantiate that.

I realize there are information bubbles on the internet where this is accepted as truth, but unexamined. Nonsense is everywhere on the internet. I’d be curious how you’d substantiate this.

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

#178

Post by esalman »

freejazz wrote: post #154
esalman wrote: post #84

Earlier quoted context omitted.

Sports gambling is controlled by FTC in the US. Prediction markets like Kalshi and Polymarket found a loophole where they can run gambling operations under CFTC and and not be controlled by FTC. There needs to be some legislative actions from the Congress to close the loophole.

Nothing needs to be done, Kalshi has no loophole. The Ninth Circuit ruled on exactly this last week.

Incorrect. Ninth circuit ruled in favor of Nevada State, but earlier this year third circuit ruled in favor of Kalshi. So it's going to the Supreme Court.

All of the above is completely independent from what Congress can or cannot do.

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

#179

Post by nekooooo »

consensus1 wrote: post #83
tantalor wrote: post #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.

And I hope nobody is claiming that mainstream journalism has any accountability

i'm guessing that by your definition almost nothing has any accountability

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

#180

Post by newspaper1 »

monideas wrote: post #170
newspaper1 wrote: post #165

Earlier quoted context omitted.

There is zero progressive representation among the elite. The American Revolution wasn't "progressive", it was one of many steps that led to the genocide of Indigenous Americans. Using the military to murder Muslims isn't "progressive" either. You should talk to actual lefists, they hate neo-liberalism even more than the right.

This is just simply and profoundly wrong. This is a prole leftist take and proles by definition are very ignorant and don’t understand elites or what they’re seeing (if someone could they would be an elite). A prole leftist is basically just a sad walking disaster that is angry and wants free stuff and wants others to suffer. They’re not engaging with leftism on an intellectual level, they’re not romantically captiva…

You're incorrect and historically inaccurate. Using the US military is not a leftist position, it's imperialism.

> don’t understand elites or what they’re seeing (if someone could they would be an elite

You can't become and elite through observation. You have to be born into it, or successfully do the bidding of those who are. Even then, you'd only be "new money".

> Great Leap Forward, the French Revolution, the Russian Revolution

None of these extend beyond the borders of the nation in question. That's my point, imperialism is not and never has been leftist.

I'm not a prole nor an elite, I am however a leftist and I assure you that neither the Democrats or The New York Times are even remotely leftist. They're right wing neo-liberals.

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