Betting on the news raises ethical questions for journalists

-
Crystal ball with money signs in it.

Prediction market exchanges have created an environment where just about any piece of information is potentially monetizable: How well will BTS's new song perform this week? How hot will Los Angeles get? Will Donald Trump be impeached? Users can wager on all of that and, on some platforms, more gruesome and violent outcomes in the real world.

The rapid rise and expansion of Polymarket and Kalshi have put newsrooms in a strange position. Prediction market evangelists often claim that their odds are more trustworthy and accurate than polls and traditional media - effectively positioning the industry as a replacement for news. At the same time …

Read the full story at The Verge.



source https://www.theverge.com/report/914157/prediction-markets-news-outlet-ethics-policy-propublica-kalshi-polymarket

Comments

Post a Comment

Popular posts from this blog

GE made a 27-inch smart display for above your stove that streams Netflix and Spotify

-
Image
GE wants to put a smart display at head level while you’re cooking. The Kitchen Hub is a 27-inch touchscreen that runs Android and also functionally replaces your exhaust vent at its mounting above your stove. The company first teased the device at last year’s CES but ultimately never shipped it . It has updated this year’s version with a sleeker interface and tons of features like video calls and streaming movies. The Kitchen Hub supports Google Assistant, meaning you can ask Google to create grocery lists, look up recipes, or control other smart home devices like thermostats, lights, and cameras. The Hub can also run apps like Netflix and Spotify, so you can stream The Great British Baking Show or listen to music while you cook. There’s... Continue reading… source https://www.theverge.com/2019/1/7/18170285/ge-google-netflix-spotify-exhaust-vent-smart-display-kitchen-hub-ces-2019
Read more

Mophie’s battery pack case for the new iPhones lets you use wired headphones

-
Image
Mophie’s newest iPhone battery case, the Juice Pack Access, represents a first for the company: an exposed Lightning port. Mophie’s cases typically plug into each iPhone’s Lightning port, and that’s how it charges the phone. This new case leaves that port exposed, so users can plug their Lightning headphones in and listen to music, even while using the case. The case will support the iPhone X, XS, XS Max, and XR. Instead of the Micro USB port that’s included with the Juice Pack Air for the iPhone X, the Access case can charge wirelessly on any Qi-enabled charging pad. It’ll charge the iPhone first and then focus on itself. It also has a USB-C port, so it can be wired and charge, too. Mophie says the iPhone XS and X case provides up to... Continue reading… source https://www.theverge.com/2019/1/7/18168914/mophie-juice-pack-access-iphone-x-xs-max-xr-headphones
Read more

TP-Link unveils its first family of Wi-Fi 6 routers

-
Image
The next generation of Wi-Fi is starting to arrive, and today TP-Link is unveiling its first family of next-gen products. There are six devices in total, ranging from high-end routers to a range extender, all of which use the new Wi-Fi 6 standard to deliver better performance and faster speeds. At the top of the line is the Deco X10, a tri-band mesh router that’ll work with the rest of TP-Link’s Deco series to spread Wi-Fi signal throughout a home. There are basically zero devices that connect to Wi-Fi 6 signals right now, so there’s not much of a reason to upgrade yet, but the Deco X10 at least provides one: it’ll use Wi-Fi 6 to create a stronger link between routers, speeding up the overall connection. You’ll need two Deco X10 units to... Continue reading… source https://www.theverge.com/circuitbreaker/2019/1/7/18167185/tp-link-wifi-6-first-router-family-ces-2019
Read more