tech

January 17, 2026

America Is Slow-Walking Into a Polymarket Disaster

For the past week, I’ve found myself playing the same 23-second CNN clip on repeat. I’ve watched it in bed, during my commute to work, at the office, midway through making carrot soup, and while brushing my teeth. In the video, Harry Enten, the network’s chief data analyst, stares into the camera and breathlessly tells his audience about the gambling odds that Donald Trump will buy any of Greenland. “The people who are putting their money where their mouth is—they are absolutely taking this seriously,” Enten says. He taps the giant touch screen behind him and pulls up a made-for-TV graphic: Based on how people were betting online at the time, there was a 36 percent chance that the president would annex Greenland. “Whoa, way up there!” Enten yells, slapping his hands together. “My goodness gracious!” The ticker at the bottom of the screen speeds through other odds: Will Gavin Newsom win the next presidential election? 19 percent chance. Will Viktor Orbán be out as the leader of Hungary before the end of the year? 48 percent chance.

America Is Slow-Walking Into a Polymarket Disaster

TL;DR

  • Prediction markets allow users to bet on various news and cultural events, presenting odds that are increasingly featured in mainstream media.
  • Major news organizations such as CNN and The Wall Street Journal are partnering with prediction market platforms like Kalshi and Polymarket.
  • Critics argue that integrating prediction markets into news risks turning news into a form of gambling and can manipulate public opinion.
  • The predictability of some events (like award shows) may skew the perceived accuracy of these markets.
  • Prediction markets are vulnerable to manipulation by large bettors aiming to influence perceptions or outcomes.
  • The financial struggles of the media industry may be driving the adoption of these platforms as new revenue streams.
  • The long-term goal of some prediction market CEOs is to 'financialize everything,' raising further concerns about their societal impact.

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