Kalshi Forecasts Coming to Fox News as Prediction Market Strikes Deal With Cable News Leader
The prediction market already has deals with CNN and CNBC.
Entity Intersection Graph
No entity connections available yet for this article.
Original Source
Share on Facebook Share on X Google Preferred Share to Flipboard Show additional share options Share on LinkedIn Share on Pinterest Share on Reddit Share on Tumblr Share on Whats App Send an Email Print the Article Post a Comment The biggest prediction market in the U.S. is teaming up with the biggest TV news channel in the U.S. Kalshi, the betting platform that lets users put their money on the line to predict the outcome of world events (from elections and sporting events to unemployment rates, Oscar winners and updates in the Iran war), has inked a wide-ranging deal with Fox Corp. that will see its forecasts integrated into Fox News , Fox Business Network, Fox One and Fox Weather. Kalsi has been aggressive about inking deals with media partners: It has similar arrangements with both CNN and CNBC, with the goal to get Kalshi-branded forecasts and predictions onscreen. Viewers may be tempted to join and trade based on that placement. Related Stories Business Arizona Files Criminal Charges Against Kalshi Prediction Market Alleging an "Illegal Gambling Operation" TV TV Ratings: Cable News Grows With Iran War Coverage The company frames it as a service, given the information overload most people find themselves in, and the unbiased goal of prediction markets. However, prediction markets are controversial for their abaility to turn essentially anything into a form of betting, with many states arguing that they should be able to set ground rules on that behavior. That is especially true for sports betting, which is tightly regulated in the states where it is allowed (and where it is barred in many other states… except on prediction markets like Kalshi. “More people are watching Kalshi’s forecasts than trading them, which says a lot: our data effectively complements news and polls,” said Tarek Mansour, co-founder and CEO of Kalshi, in a statement. “As misinformation grows more common, Kalshi offers accurate, unbiased data to help people better understand what’s going on ...
Read full article at source