The Media’s Embrace of Prediction Markets Could Be a Devil’s Bargain

As prediction markets rise in popularity and notoriety, several news outlets have recently engaged in partnerships with the most prominent of these companies, raising questions about how and why media organizations would want to become entangled with an industry essentially predicated on gambling. Depending on who you ask, these relationships could be ultimately benign—or they could become yet another domino in the cascading decline in the public trust of the media.Prediction markets allow parti...