- Reaction score
- 1,807
In December 2025, CNN and CNBC struck landmark deals with Kalshi, a leading prediction market. Since then, both networks have promoted Kalshi to viewers extensively, frequently vouching for its accuracy. The existence of a financial relationship between the networks and Kalshi, however, is disclosed to viewers inconsistently.
Since December CNBC has published 58 articles that do little more than advertise the existence of a Kalshi market related to a news event. The headlines include “Traders predict Michael Jackson hits top Spotify after biopic,” “Kalshi traders don’t see Hormuz traffic normal until July,” and “Traders say Karen Bass and Spencer Pratt will advance to runoff in high-profile LA mayoral race.” (Pratt did not advance.)
Since April, CNBC has employed a dedicated reporter to produce these articles. CNBC also maintains a page on its website featuring Kalshi prediction markets selected by CNBC editors, along with its web coverage.
Some of CNBC’s reporting about Kalshi includes the disclosure, “CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.” This means CNBC is paid every time it can convert a viewer to a Kalshi user. As an investor, the network also benefits if Kalshi’s overall valuation increases. CNBC is also paid directly by Kalshi for using its data, according to The Wrap.
In at least 22 cases, however, CNBC has written about Kalshi and not disclosed its financial conflict. In recent weeks CNBC has more frequently failed to include its Kalshi disclosure, including two pieces on June 10, one each on June 11, June 15, June 16, and June 23, three pieces on June 26, and one each on July 1, and July 2.
www.publicnotice.co
Since December CNBC has published 58 articles that do little more than advertise the existence of a Kalshi market related to a news event. The headlines include “Traders predict Michael Jackson hits top Spotify after biopic,” “Kalshi traders don’t see Hormuz traffic normal until July,” and “Traders say Karen Bass and Spencer Pratt will advance to runoff in high-profile LA mayoral race.” (Pratt did not advance.)
Since April, CNBC has employed a dedicated reporter to produce these articles. CNBC also maintains a page on its website featuring Kalshi prediction markets selected by CNBC editors, along with its web coverage.
Some of CNBC’s reporting about Kalshi includes the disclosure, “CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.” This means CNBC is paid every time it can convert a viewer to a Kalshi user. As an investor, the network also benefits if Kalshi’s overall valuation increases. CNBC is also paid directly by Kalshi for using its data, according to The Wrap.
In at least 22 cases, however, CNBC has written about Kalshi and not disclosed its financial conflict. In recent weeks CNBC has more frequently failed to include its Kalshi disclosure, including two pieces on June 10, one each on June 11, June 15, June 16, and June 23, three pieces on June 26, and one each on July 1, and July 2.
How Kalshi infects the news
CNN and CNBC are pushing Kalshi on viewers but not telling them the whole story.
www.publicnotice.co
