Calling a betting market »journalism« is quite the innovation: why investigate power, verify facts, or protect sources when you can just put odds on reality and call it data? CBS partnering with Kalshi feels less like the future of news and more like turning election night into a casino with correspondents.
CBS is not a news agency.
CBS is not a news organization.
Doin’ it for the clicks, not the truth.
CBS fully embraced and placed an ad today about a political rival that was “forcing kids to get surgery” which is 100% illegal in the state. Truth is a person who was 19 got a surgery in Texas is trying to say a person they don’t know is forcing kids(illegal) to have surgeries in Ohio.
The hate is high. The lies are fruitfull… or Ellison would not fund them
As much as y’all don’t want this to be accurate, sadly, it kind of is. Non-US betting markets in 2016, 2020, and 2024 all correctly called the US presidential election better than Five Thirty Eight or polls or any other formerly reliable method.
Edit: Sadly, you all downvoted this out of personal feels and anger, not accuracy of the statement, which has research to back it up. SMH.
At which point were they more accurate? 5 minutes before the final count was counted? An hour? A day? Without this number is like a percentage with unknown reference.
For the elections I mentioned, it was at least a few days out. Within 24 hours, every one of them was accurate, not just in terms of the binary win/lose aspect, but also if it would be a close race or not, as the spread often includes wins based on electoral college vote totals. Functionally, all it can really do for you is not make you feel like you need to stay up late biting your nails, and give you an idea of what’s really going to happen. Maybe enough time to call people on election day and make sure they voted.
This isn’t just me speculating, it’s well-studied. https://theconversation.com/joe-biden-how-betting-markets-foresaw-the-result-of-the-2020-us-election-150095
