Having swallowed sports media, will gambling now devour other kinds of news? Last week, CNN announced a deal with Kalshi, a federally regulated online exchange where Americans can wager on current events, from basketball games and congressional elections to whether it will rain tomorrow in New York City. This marked Kalshi’s first partnership with a major news organization and, according to several close observers of the media business and gambling industry, could foreshadow a deluge of similar deals. After all, a decade ago, many outlets refused to even mention sports-betting odds. Then, in a blink, the shilling became inescapable.

The Lede

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Gambling has been creeping into political coverage for a while. Prediction markets, as sit

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