But the news papers don’t go and klick a button in e.g. kalshi. Someone/something has to collect the news sources and change the state of the bet to ‘resolved’. Either a human arbitrator, or some consensus vote by users or something like that? And that would already be very problematic, like what’s to stop the arbitrator from deciding in their friends favor?
Humans on their staff. Hopefully, and not AI. And hopefully they have multiple people involved in resolving a bet to avoid that situation (but even if it happened, the people with money on it would absolutely riot, because they are watching almost all of them).
But the news papers don’t go and klick a button in e.g. kalshi. Someone/something has to collect the news sources and change the state of the bet to ‘resolved’. Either a human arbitrator, or some consensus vote by users or something like that? And that would already be very problematic, like what’s to stop the arbitrator from deciding in their friends favor?
Humans on their staff. Hopefully, and not AI. And hopefully they have multiple people involved in resolving a bet to avoid that situation (but even if it happened, the people with money on it would absolutely riot, because they are watching almost all of them).