Betting on the news raises ethical questions for journalists

Prediction market platforms like Polymarket and Kalshi enable users to wager on news outcomes, creating ethical conflicts for journalists whose reporting directly influences financial markets. Major news organizations including Fox News and The Associated Press have cut paid placement deals with these platforms, placing journalists in a position where information they encounter on the job is financially valuable. ProPublica has responded by updating its ethics code to explicitly prohibit employees from wagering on news events they cover.