Why We Changed Our Code of Ethics to Address Prediction Markets

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News Source : ProPublica

News Summary

  • ProPublica has always prohibited employees from profiting off inside information.
  • A u.s. soldier involved in the ouster of Nicolás Maduro from power in Venezuela was said to have made over $400,000 by betting on the mission.
  • Other outlets are also tackling this issue: NPR recently issued guidance that says “editorial employees are not allowed to use prediction markets or place bets on developments of news events”
What would you think of me, the ProPublica editor responsible for newsroom standards, if I placed a bet on the baseball game Im currently listening to on the radio?

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