Prediction Markets Claimed an Oscar Victory. The Reality Was Messier.
By Chris O'Falt••IndieWire
The recent explosion of Kalshi and Polymarket meant Oscar gambling and interest skyrocketed, but these weren’t the healthy predictive markets we've been promised.
There is something deeply funny about using the Oscars to advertise the power of prediction markets. To be clear, the Academy does not deal in corn futures. It is a vote conducted by 10,000 members …