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Are we going to see prediction markets enter mainstream journalism? Taylor Lorenz says yes (archive.md)

submitted 2 weeks ago* (last edited 2 weeks ago) by swlabr@awful.systems to c/techtakes@awful.systems

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“If all of this sounds like a libertarian fever dream, I hear you. But as these markets rise, legacy media will continue to slide into irrelevance.”

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[–] swlabr@awful.systems 9 points 2 weeks ago* (last edited 2 weeks ago)

Oh yeah, haha. I often face the dilemma dilemma in which I have to choose between ignoring the 'incorrect" usage (i.e. not a choice between two things that are difficult to choose between) and seethe OR mention the correct usage and look like a pedant. Sometimes it's a trilemma, and I'm all over the shop. But more seriously, I usually let it slide and let people use it to mean "a situation".

I doubt that Lorenz has a dilemma in line with the correct usage. I couldn't fight the urge to steelman, spoilered below, which I suspect this is nothing near what Lorenz had in mind.

exhausting Steelman within. I only tried to come up with something, it's not a good steelman. I'm so sorry about this.

In the world that Lorenz posits, where prediction markets somehow represent accurate news reporting, either a journalist participates in the market whilst reporting news (conflict of interest), or they don't, and they are bad at their job (and not performing at your job is unethical, I guess?)