"Kalshi, which would prefer to be described as a market-based "filter" on the otherwise unreliable flow of human knowledge but is in fact just a way for normies to lose money wagering on elections and hurricanes, is a private company. You would have no reason for knowing about Antetokounmpo's shares in Kalshi, except that he is determined that you should: The superstar of the Milwaukee Bucks announced his investment to his more than three million Twitter followers Friday afternoon."
"Prediction markets are concerned with whether an event will or will not take place, and the trades they facilitate are resolved as binaries, not subject to-or certainly not intended to be subject to-interpretation or point of view. It's the entire basis of the evangelizing of Kalshi CEO Tarek Mansour, who is eager for prospective users and investors to think of his product as an infallible record of facts in an otherwise mad world."
Giannis Antetokounmpo purchased shares of Kalshi, a private prediction-market platform, and publicly announced the investment to his more than three million Twitter followers with a short, vague statement. Kalshi styles itself as a market-based "filter" on human knowledge but functions, in practice, as a venue where ordinary users can wager on elections, hurricanes, and other events. Prediction markets operate by resolving binary outcomes about whether events will occur, rather than expressing opinions. Kalshi CEO Tarek Mansour promotes the platform as an infallible record of facts, framing prediction markets as a fact shop rather than an opinion shop.
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