Prediction markets are ushering in a world in which news becomes about gambling

kept by eddie jan 22

Prediction markets like Polymarket incentivize manipulation and gambling on news events, risking public trust by merging information with financial speculation.

The Average Guys Outsmarting Wall Street on Prediction Markets
Retail prediction-market traders—'sharps'—have earned millions betting on events like elections and movie scores, often beating institutional forecasts.
also on #gambling, Kalshi, #prediction-markets, Polymarket, #finance
Why Almost Everyone Loses—Except a Few Sharks—on Prediction Markets - WSJ
A WSJ analysis finds a small number of algorithmic traders capture most winnings on Polymarket and Kalshi, while typical users lose money.
also on #gambling, Kalshi, #prediction-markets, Polymarket
Devtools must be open source
The article argues that developer tools should be open source to ensure transparency, trust, and long-term viability, warning that proprietary devtools risk becoming unreliable or extractive over time.
also on #trust
Latest ChatGPT model uses Elon Musk’s Grokipedia as source, tests reveal | Grok AI
GPT-5.2 cites Elon Musk's Grokipedia on topics like Iran and Holocaust deniers, raising concerns about misinformation propagation.
also on #misinformation