Kalshi users are in an uproar over their Time 'Person of the Year' bets
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Kalshi users are in an uproar over their Time 'Person of the Year' bets
"Time magazine has named the "Architects of AI " as its 2025 Person of the Year, a decision that has sparked significant backlash from gamblers who lost out on semantics. The companies behind AI tools and infrastructure aren't "AI" in the literal sense, so prediction markets Kalshi and Polymarket ruled that anyone betting on "AI" doesn't win. As author Parker Molloy pointed out on Bluesky, gamblers on the site are not pleased."
"Polymarket explained the decision in a note. "This market is about the person/thing named as TIME's Person of the Year for 2025, not what is depicted on the cover. Per the rules, "If the Person of the Year is 'Donald Trump and the MAGA movement,' this would qualify to resolve this market to 'Trump.' However if the Person of the Year is 'The MAGA movement,' this would not qualify to resolve this market to 'Trump' regardless of whether Trump is depicted on the cover," it said."
TIME selected "Architects of AI" as 2025 Person of the Year, provoking backlash from bettors who wagered on "AI." Prediction markets Kalshi and Polymarket determined that companies behind AI tools and infrastructure do not qualify as "AI" in a literal sense, so wagers on "AI" did not resolve as winners. Kalshi still paid bettors who backed individual people named among the architects, while those who bet on products or the label "AI" lost. Gamblers publicly protested the resolutions and urged platforms to issue payouts. Polymarket cited its rule distinguishing named persons from broader movements or labels.
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