eicker@lemmy.world to Technology@lemmy.worldEnglish · 1 day agoNews 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.comexternal-linkmessage-square47linkfedilinkarrow-up1416arrow-down13
arrow-up1413arrow-down1external-linkNews 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.comeicker@lemmy.world to Technology@lemmy.worldEnglish · 1 day agomessage-square47linkfedilink
minus-squareinari@piefed.ziplinkfedilinkEnglisharrow-up52·1 day agoThe problem is they report betting odds as probabilities that something will happen instead of what they really are: pure guesses
minus-squarematt1126@feddit.uklinkfedilinkEnglisharrow-up15·1 day agoIf someone haven’t already, someone should see how these gambling sites compare to random chance
minus-squareSillyDude@lemmy.ziplinkfedilinkEnglisharrow-up19·1 day agoSomeone should see how many of the winning gambles were based on insider information.
minus-squarejumping redditor [they/them]@sh.itjust.workslinkfedilinkEnglisharrow-up6·1 day agoinsider information makes them useful predictions.
The problem is they report betting odds as probabilities that something will happen instead of what they really are: pure guesses
If someone haven’t already, someone should see how these gambling sites compare to random chance
Someone should see how many of the winning gambles were based on insider information.
insider information makes them useful predictions.