Judd Legum and Adam Johnson on Gambling on the News

 

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This week on CounterSpin: If you see no problem in news outlets reporting on desperately horrific conditions in Gaza, and what various political entities are doing or could do to address them, while a ticker at the bottom of the screen offers you an opportunity to gamble—for money—on whether or not “famine” in the region will be officially declared, this episode is not for you.

We’re learning about the deal just struck by “news” outlets CNN and CNBC with the “prediction market operator” (evidently what we’re calling them now) Kalshi Inc. We’ll hear from Judd Legum—founder and author at the newsletter Popular Information—and from author and analyst Adam Johnson, of Substack‘s the Column and the podcast Citations Needed.

Judd Legum’s interview:

 

Adam Johnson’s interview: