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nomilk an hour ago

A great irony here is that Kalshi and media generally are competitors. When I make important decisions (e.g. understanding politics, where to travel and setup companies), I always value betting markets over hearsay (aka media). The former has real money at stake, whereas the latter often has no skin in the game (as well as a other issues; like herd mentality, sensationalism, incentive to tell people what they want to hear rather than what's true).

cft an hour ago | parent [-]

Prediction markets as a new source are politically unbiased and nonpartisan , and this is what the establishment people here don't like.

freejazz 26 minutes ago | parent [-]

They are partisan. It's just whoever decides to make the bets. Like the 2022 election situation was just one big whale. There's just nothing about it that makes it inherently non-partisan.

nomilk 11 minutes ago | parent [-]

A partisan bet makes the opposite position slightly more profitable, attracting bets which equilibrate the market back at fair prices (i.e. realistic probabilities)