Prediction Market Philosophers Got What They Wanted. They're Not Happy About It

Prediction Market Philosophers Got What They Wanted. Getting the future right is now big business. But at a festival in the Bay Area, forecasters worry that sports markets could take the whole industry down. On June 11, Kalshi released a buzzy ad featuring noted New York Knicks fan Timothée Chalamet. It was a zeitgeist-capturing moment for prediction markets, akin to the 2022 Super Bowl, when seemingly every commercial featured a celebrity shilling crypto.