How Kalshi infects the news (It's not just sports)

[usonian]

https://www.publicnotice.co/p/kalshi-cnn-cnbc

and oh, by the way: Kalshi’s political markets, which dominate the coverage on CNN and are featured prominently on CNBC, are also the least accurate.

In December 2025, CNN and CNBC struck landmark deals with Kalshi, a leading prediction market. Since then, both networks have promoted Kalshi to viewers extensively, frequently vouching for its accuracy. The existence of a financial relationship between the networks and Kalshi, however, is disclosed to viewers inconsistently.

Since December CNBC has published 58 articles that do little more than advertise the existence of a Kalshi market related to a news event. The headlines include “Traders predict Michael Jackson hits top Spotify after biopic,” “Kalshi traders don’t see Hormuz traffic normal until July,” and “Traders say Karen Bass and Spencer Pratt will advance to runoff in high-profile LA mayoral race.” (Pratt did not advance.)

Since April, CNBC has employed a dedicated reporter to produce these articles. CNBC also maintains a page on its website featuring Kalshi prediction markets selected by CNBC editors, along with its web coverage.

Some (BUT NOT ALL) of CNBC’s reporting about Kalshi includes the disclosure, “CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.” This means CNBC is paid every time it can convert a viewer to a Kalshi user. As an investor, the network also benefits if Kalshi’s overall valuation increases. CNBC is also paid directly by Kalshi for using its data, according to The Wrap.

Sounds fair.
To someone.

Really long Hacker News discussion: 131 replies and going upward.
https://news.ycombinator.com/item?id=48804123

[Stacey Grove]

1. Corrupt thieves at the top steal the tax dollars

They then narcotize the population with television, smart phones, and ubiquitous gambling opportunities.

The endgame is for rich people to get all the money no matter what.

Oh, and then there is price gouging cloaked as "inflation."

It's an end run.

[Lovie777]

2. I want odds on the % of rich who will lose everything in the up coming crash...............

hopefully there won't be a Kalshi anymore.

And good riddance.

[usonian]

3. I read predictions daily in Hacker News, where lots of people have a big stake in this.

Here's a link I got.
https://www.theregister.com/ai-and-ml/2026/06/29/how-the-ai-bubble-could-pop-and-take-down-the-global-economy-according-to-the-bis/5263793

Jobs trashed, jobs being called back ...

But the old "bottom line" demands return on investment, and I really don't see it except for very large operations (needing a large datacenter) like a Walmart or any number of government surveillance operations (a good reason to deepsix all of this issue).

Chip makers are the big winners, though sales may fall off a cliff (I remember the dot-com crash, vividly).