CNN and CNBC promote gambling to make a cheap buck

Link: How Kalshi infects the news, by Aaron Rupar and Judd Legum in Public Notice and Popular InformationKalshi’s deals with newsrooms seem to be paying dividends for the company:“Since December CNBC has published 58 articles that do little more than advertise the existence of a Kalshi market related to a news event. […] Since April, CNBC has employed a dedicated reporter to produce these articles. CNBC also maintains a page on its website featuring Kalshi prediction markets selected by CNBC editors, along with its web coverage. […] In at least 22 cases, CNBC has written about Kalshi and not disclosed its financial conflict.”CNN doesn’t pay for access, and instead is paid to exclusively promote Kalshi. CNBC reporting carries a disclosure which states that its relationship goes further: “CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.” CNBC will gain financially if its coverage leads to more signups or a growth in Kalshi’s…