Prediction markets face scrutiny over social media misinformation

[cryptoenthusiast]

The Polymarket-Bezos incident has reignited broader concerns about prediction markets using social media to spread unverified or misleading information.

Platforms such as Polymarket and Kalshi have increasingly published “breaking news” posts tied to active markets, spanning topics from geopolitics to sports. Critics argue that these posts often distort events or exaggerate claims to drive engagement and betting activity.

Despite pushback from users and journalists, both platforms have continued to rely on affiliate-style social media accounts to distribute these updates. Neither Polymarket nor Kalshi immediately responded to requests for comment following the Bezos dispute.

[johnblockbuster]

can’t believe people still trust social media as a “news source”… especially for markets