Prediction markets are breaking the news and becoming their own beat
Briefly

Prediction markets are breaking the news and becoming their own beat
""I see a lot of connections to things that I've covered in the past. I see it as an extension of the crypto boom. It's a future of money story, an industry story, and very much something that is emerging as a natural extension of ongoing trends in American culture.""
""Keeping up with prediction markets is practically a full-time job, and for a few journalists they've become an opportunity to stake out a new beat at the intersection of politics, culture, finance, technology, sports, and even possibly true crime.""
Prediction markets are viewed variably as either unregulated gambling or as legitimate forecasting tools. They are increasingly integrated into the news industry, with platforms like Kalshi and Polymarket partnering with major news outlets. These markets are seen as a new reporting beat for journalists, connecting various sectors such as politics and technology. Kate Knibbs, a Wired writer, views prediction markets as an extension of the crypto boom and a reflection of cultural trends in America.
Read at Nieman Lab
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