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A review of the betting market’s social media feeds found it has published hundreds of false and misleading posts.
Prediction markets have emerged as an unlikely engine of viral misinformation, pumping out false, misleading and context-free claims to millions of people on social media. Why it matters: Once a niche corner of crypto and gambling cultures, these platforms have rapidly become a central force in how politics, media and global crises are understood in real time. - Kalshi and Polymarket, the two dominant prediction markets, have pushed deep into the mainstream , striking a vast web of media , sports and influencer partnerships as their valuations have soared. - The problem: Their social media accounts face few of the rules or norms that govern journalism, even as their posts can spread faster — and reach farther — than verified…