George Santos hopping onto Kalshi to make a quick buck by betting on whether he'll appear at the State of the Union isn't a flaw in prediction markets. It's exactly what these platforms were built to incentivize. @jaywillis.net, as always, calls it like it is. www.fastcompany.com/91554204/pre...
Prediction markets are fueling a new era of political graft
Kalshi and Polymarket say they leverage the wisdom of the crowd. Instead, they’ve created a lucrative way for politicians and campaign staffers to treat inside info like a day-trading asset.
fastcompany.com