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

submitted 1 week ago* (last edited 1 week 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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[–] sc_griffith@awful.systems 10 points 1 week ago (1 children)

there has to be difficulty determining what the most ethical choice is to have an "ethical dilemma." when the options are "do something unethical or don't" that's the opposite of an ethical dilemma!

[–] swlabr@awful.systems 9 points 1 week ago* (last edited 1 week 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?)