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Economists have long pushed for prediction markets. The reality is not what they’d hoped for
Summary by The El Paso Editorial Desk CNN Newsource , as published by KVIA ABC-7
· June 21, 2026
· 1 min read
Photo: KVIA ABC-7 · view original
Story provenance No corrections
Summary created by The El Paso Editorial Desk — automated, rule-governed Byline on source page CNN Newsource, as published by KVIA ABC-7 Original story Read at the source Source published Jun 21, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key takeaway Further information about the topic, including the involvement of companies like Kalshi and Polymarket, can be found in the original report from CNN, as reported by KVIA ABC-7.
Economists have been advocating for prediction markets for a long time. Their goal was to improve humanity's ability to forecast the future, as people are generally not good at making predictions. Details about the current state of prediction markets are available from a report by Allison Morrow of CNN in New York.
The report discusses the reality of prediction markets and how they differ from what economists had initially hoped for. Further information about the topic, including the involvement of companies like Kalshi and Polymarket, can be found in the original report from CNN, as reported by KVIA ABC-7.
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As published by KVIA ABC-7 . The El Paso surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: local Published: June 21, 2026 Source: KVIA ABC-7 Reading time: 1 min
Frequently asked about this story
What is this story about? Economists have been advocating for prediction markets for a long time. Their goal was to improve humanity's ability to forecast the future, as people are generally not good at making predictions…
When was this published? This article was first published on June 21, 2026 by KVIA ABC-7 and curated for The El Paso readers.
Who reported this story? This story was reported by CNN Newsource at KVIA ABC-7. To learn more about how The El Paso selects and reviews stories, see our editorial standards .
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