On Monday, a joint investigation by Popular Information and Public Notice revealed that Kalshi has been heavily promoted by CNN and CNBC since Kalshi inked a financial partnership with both networks in December.
Conflict of interest is the real kicker here. CNN and CNBC basically said, "We'll report news professionally--except when it comes to Kalshi, 'cause they're paying us to say nice things about them. Oh, and do start placing bets on Kalshi, 'cause we get a kickback every time you do. And pardon us if we either ignore or pooh-pooh Polymarket, because our deal with Kalshi requires us to do so."
Kind of like the entire maga regime, and their follower magats, all tripping over their shoelaces to get close to the center, no matter how badly it stinks they will say it smells like roses.
According to Kalshi’s statement, “People aren’t dumb; they hear and see these disclosures and can choose to use our data as added context or choose not to.”
🤔actually people are dumb… politicians and corporations have long known this, so… a wink 😉 + a nod 🫨 will suffice.
"People aren't dumb..." Well they bet on Kalshi and think Kalshi data might actually mean something. It's the, "a lot of people are saying..." argument.
They don't disclose the raw numbers behind their "data" so it's not clear if it's dozens, hundreds or thousands of bets. It doesn't sound very impressive to say, "37 people think this is going to happen." Also, people often bet on long shots because if the thing happens they get a bigger payoff. People buy the megabucks lottery tickets and not the scratch offs even though the odds are far worse. They know they are likely to lose.
Double speak and obfuscation are the hallmarks of corporations with something to hide. They put lipstick on that pig and send it squealing out onto the stage. Everybody knows it's a pig, but look! the pig is wearing lipstick, isn't that funny! The pig can wallow in the mud and poop on everyone's shoes but oh boy does it wear that lipstick well.
The PR flacks at Kalshi should be no match for Popinfo. Call the pig a pig. Or, in this case, a drift of pigs.
Folks may not be dumb and "can choose to use our data" or not, but the truth is we all want to have trust in our news reporting agencies. We don't want to have to continually ask if the information we receive is truthful or accurate and then do our own research. Most of us have lives that occupy our attention. We simply cannot be as focused on every subject as the presenter is, so trust and honesty are essential.
Another data point to look into. How many average viewers see the chyron and just take Kalshi numbers as face value, ie polling data. The average viewer just sees a number and doesn’t differentiate that being a prediction market number and not polling data.
CNBC where the hosts are millionaires interviewing (and promoting) millionaires and billionaires about multimillion and billion dollar companies whose target audience is all of the above mentioned. Even the politicians they squawk over have stakes in the game. Kalshi is an extension of this no boundaries money grubbing philosophy. The thin line between gambling and stock trading has disappeared and they are betting on that and calling it capitalism like it is a good thing.
First, commercials appear during the newscast; then they appear within the stories themselves. News is not entertainment, or infotainment; it should not be for sale to whatever corporations want to own it. It is for the benefit of the citizens, who, in a democracy, must know truth from propaganda and rumor. If for nothing else but appearances, there should be no commercials during newscasts.
CNN & CNBC selling out, too now huh? “The love of money is the root of all evil.” Sometimes that Bible sure is accurate. And I’m an agnostic.
P.S.: Look up the Bible’s criterion of the Antichrist. It describes Trump to a t. Then look at Hitler’s fascism manual, which Rump is using play by play.
“Wisdom of crowds”?! More like “madness”. I haven’t intentionally watched CNN since 2016. It’s been garbage at least since then. I wish more people would just turn off the trash.
It’s such a cop out to lay the responsibility on the consumer of the information. Depending on how savvy the consumer is, he or she may not be able to discern the depth or veracity of the information they are receiving.
The reason prediction markets are sometime correct is that they provide an incentive for people with inside information to use that information by betting on a sure thing, and indirectly making that information partially public. This is just the Black Sox Scandal in the electronic age of 2026 vs 1919.
People ARE dumb and that goes double for gamblers. Our minds are bombarded with data, both consequential and not-so-much. Individuals will see a news report about the "wisdom" of the mob and react to it when there is nothing there to see. These prediction sites are a path to nowhere for people with more $ than sense.
Kalshi by its very existence is a problem. Any time someone can profit from inside information, or effect changes in events they can profit from, it is corrupt.
Adding insult to injury, they try to pass it off as a trade or investment. Horrid.
THEN CNN and CNBC soil the hands with Kalshi money. I fully expected it from Fox, but not any of the others.
Everything is for sale. News, the World Cup, the White House.
The worst thing is that organizations like Kalshi try to make it seem like you’re the one in the wrong if you have a problem with this scenario.
It is the “I’m a lowlife so therefore everyone must be.” defense.
Conflict of interest is the real kicker here. CNN and CNBC basically said, "We'll report news professionally--except when it comes to Kalshi, 'cause they're paying us to say nice things about them. Oh, and do start placing bets on Kalshi, 'cause we get a kickback every time you do. And pardon us if we either ignore or pooh-pooh Polymarket, because our deal with Kalshi requires us to do so."
Perfect!
Kind of like the entire maga regime, and their follower magats, all tripping over their shoelaces to get close to the center, no matter how badly it stinks they will say it smells like roses.
According to Kalshi’s statement, “People aren’t dumb; they hear and see these disclosures and can choose to use our data as added context or choose not to.”
🤔actually people are dumb… politicians and corporations have long known this, so… a wink 😉 + a nod 🫨 will suffice.
"People aren't dumb..." Well they bet on Kalshi and think Kalshi data might actually mean something. It's the, "a lot of people are saying..." argument.
They don't disclose the raw numbers behind their "data" so it's not clear if it's dozens, hundreds or thousands of bets. It doesn't sound very impressive to say, "37 people think this is going to happen." Also, people often bet on long shots because if the thing happens they get a bigger payoff. People buy the megabucks lottery tickets and not the scratch offs even though the odds are far worse. They know they are likely to lose.
Double speak and obfuscation are the hallmarks of corporations with something to hide. They put lipstick on that pig and send it squealing out onto the stage. Everybody knows it's a pig, but look! the pig is wearing lipstick, isn't that funny! The pig can wallow in the mud and poop on everyone's shoes but oh boy does it wear that lipstick well.
The PR flacks at Kalshi should be no match for Popinfo. Call the pig a pig. Or, in this case, a drift of pigs.
Folks may not be dumb and "can choose to use our data" or not, but the truth is we all want to have trust in our news reporting agencies. We don't want to have to continually ask if the information we receive is truthful or accurate and then do our own research. Most of us have lives that occupy our attention. We simply cannot be as focused on every subject as the presenter is, so trust and honesty are essential.
Another data point to look into. How many average viewers see the chyron and just take Kalshi numbers as face value, ie polling data. The average viewer just sees a number and doesn’t differentiate that being a prediction market number and not polling data.
CNBC where the hosts are millionaires interviewing (and promoting) millionaires and billionaires about multimillion and billion dollar companies whose target audience is all of the above mentioned. Even the politicians they squawk over have stakes in the game. Kalshi is an extension of this no boundaries money grubbing philosophy. The thin line between gambling and stock trading has disappeared and they are betting on that and calling it capitalism like it is a good thing.
Brilliant reporting and tenacity.
First, commercials appear during the newscast; then they appear within the stories themselves. News is not entertainment, or infotainment; it should not be for sale to whatever corporations want to own it. It is for the benefit of the citizens, who, in a democracy, must know truth from propaganda and rumor. If for nothing else but appearances, there should be no commercials during newscasts.
CNN & CNBC selling out, too now huh? “The love of money is the root of all evil.” Sometimes that Bible sure is accurate. And I’m an agnostic.
P.S.: Look up the Bible’s criterion of the Antichrist. It describes Trump to a t. Then look at Hitler’s fascism manual, which Rump is using play by play.
There you go, Hitler + Antichrist = Trump.
“Wisdom of crowds”?! More like “madness”. I haven’t intentionally watched CNN since 2016. It’s been garbage at least since then. I wish more people would just turn off the trash.
" I wish more people would just turn off the trash."
I did! I did! During the Obama years and never looked back!
Not trying to one-up but I jettisoned CNN during the immoral, illegal Iraq War. They sucked then and I'm sure, suck just as much or more now.
It’s such a cop out to lay the responsibility on the consumer of the information. Depending on how savvy the consumer is, he or she may not be able to discern the depth or veracity of the information they are receiving.
The reason prediction markets are sometime correct is that they provide an incentive for people with inside information to use that information by betting on a sure thing, and indirectly making that information partially public. This is just the Black Sox Scandal in the electronic age of 2026 vs 1919.
People ARE dumb and that goes double for gamblers. Our minds are bombarded with data, both consequential and not-so-much. Individuals will see a news report about the "wisdom" of the mob and react to it when there is nothing there to see. These prediction sites are a path to nowhere for people with more $ than sense.
So many things are getting further out of control because there are no consequences for republicans who commit crimes.
My sense is that it’ll all get worser at an accelerated pace.
Damn right! Worser by the daze.
Kalshi by its very existence is a problem. Any time someone can profit from inside information, or effect changes in events they can profit from, it is corrupt.
Adding insult to injury, they try to pass it off as a trade or investment. Horrid.
THEN CNN and CNBC soil the hands with Kalshi money. I fully expected it from Fox, but not any of the others.
🥵👊👊👊Keep breaking these stories, Judd and PI! Totalitarian Creep!!