{"id":7354,"date":"2025-12-11T22:35:33","date_gmt":"2025-12-11T22:35:33","guid":{"rendered":"https:\/\/musictechohio.online\/site\/prediction-markets-meltdown-time-person-of-the-year\/"},"modified":"2025-12-11T22:35:33","modified_gmt":"2025-12-11T22:35:33","slug":"prediction-markets-meltdown-time-person-of-the-year","status":"publish","type":"post","link":"https:\/\/musictechohio.online\/site\/prediction-markets-meltdown-time-person-of-the-year\/","title":{"rendered":"Please Enjoy Laughing at the Prediction Markets, in Full Meltdown, After Time\u2019s \u201cPerson of the Year\u201d Reveal"},"content":{"rendered":"
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Just as many had predicted<\/a>, Time<\/em> magazine once again took some liberties with its annual \u201cPerson of the Year\u201d issue. <\/p>\n

Besides blocking users from reading its website with an AI chatbot<\/a>, the magazine anointed the \u201carchitects of AI\u201d as its most important visionaries of 2025, eschewing the definition of \u201cperson\u201d yet again.<\/p>\n

The eyeroll-inducing announcement was met with plenty of incredulity, especially considering the astronomical amount of money<\/a> being spent on building out data centers, their enormous carbon footprint<\/a>, and a whole litany of other ethical conundrums<\/a> that the embrace of generative AI has spawned.<\/p>\n

One online group was particularly irked by Time<\/em>\u2018s announcement. As author Parker Molloy pointed out on Bluesky<\/a>, those who bet on who would be named \u201cPerson of the Year<\/a>\u201d on prediction markets were absolutely furious \u2014 perfectly illustrating the risks of throwing money at unregulated gambling websites.<\/p>\n

\u201cSomeone please explain to me how this is not a trick?\u201d one user complained<\/a> after betting on billionaire Elon Musk on Kalshi. \u201cPerson of the year is a singular title\u2026\u201d<\/p>\n

\u201cThis is actually so freaking stupid,\u201d another user<\/a> seethed.<\/p>\n

Other users who had bet on \u201cAI\u201d argued that Kalshi owed them money.<\/p>\n

\u201cThis pretty clearly should\u2019ve resolved to yes,\u201d one user wrote<\/a>. \u201cIf you bought AI, reach out to Kalshi support because \u2018AI\u2019 is literally on the cover and in the title \u2018Architects of AI.’\u201d<\/p>\n

Many argued it was stupid to bet on \u201cAI,\u201d given the purpose of Time<\/em>\u2018s annual issue.<\/p>\n

\u201cStop complaining AI didn\u2019t win,\u201d one user wrote<\/a>. \u201cAI was never going to win because of the technicality that Time<\/em> would never state AI as \u2018person of the year\u2019 and would rather be \u2018technology\u2019 or some variant.\u201d<\/p>\n

The bet turned out to be a major driver, generating just shy of $20 million worth of bets since early November 2024. The clear frontrunner for most of the year was Musk, who was overtaken by Nvidia CEO Jensen Huang following his pro-AI rallying cry during a keynote in Washington, DC<\/a>.<\/p>\n

\u201cAI,\u201d meanwhile, steadily rose in trading since May.<\/p>\n

\u201cIf AI is Time Person of the Year for 2025, then the market resolves to Yes,\u201d reads the rules summary<\/a>. \u201cIf there is no Person of the Year (and instead many variations thereof, e.g. Entertainer of the Year, Hero of the Year), that is not encompassed in the Payout Criterion. If multiple persons win, all persons that are listed are encompassed within the Payout Criterion.\u201d<\/p>\n

A similar bet on Polymarket<\/a> saw most money going towards NBA legend LeBron James and president Donald Trump. The comments section also turned into a flame war, with unhappy users accusing the site of a \u201crug pull<\/a>.\u201d<\/p>\n

\u201cSuch a scam,\u201d one Polymarket user complained. \u201cIf i would of known a new option would of been added that says effectively AI or EVERYONE ELSE I would of chosen that.\u201d<\/p>\n

Perhaps users on prediction market websites should\u2019ve known better. Time<\/em> magazine has a long history of making controversial choices for its splashy annual cover. Besides picking infamous leaders like Adolf Hitler and Joseph Stalin in 1938 and 1939, respectively, the publication has also taken plenty of liberties in the past, stretching the definition of \u201cperson\u201d to an extreme degree.<\/p>\n

In 1960, for instance, it chose \u201cUS scientists,\u201d<\/a> which is arguably an even vaguer descriptor than the \u201carchitects of AI.\u201d In 2006, it chose \u201cyou,\u201d an infuriating and borderline nonsensical pick that was meant to recognize people who created user-generated content on then-ascendant social platforms like MySpace and YouTube.<\/p>\n

Meanwhile, users on social media gleefully watched as prediction market users were having a meltdown.<\/p>\n

\u201cI can\u2019t believe an unregulated gambling market let people bet frivolously and then took all their money,\u201d one Bluesky user wrote<\/a>.<\/p>\n

More on Time<\/em>\u2018s Person of the Year:<\/strong> Time Magazine Deploys AI \u201cAsk Me Anything\u201d Box That Covers Up Its Actual Journalism and Can\u2019t Be Closed<\/em><\/a><\/p>\n

The post Please Enjoy Laughing at the Prediction Markets, in Full Meltdown, After Time\u2019s \u201cPerson of the Year\u201d Reveal<\/a> appeared first on Futurism<\/a>.<\/p>\n<\/div>\n

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Just as many had predicted, Time magazine once again took some liberties with its annual \u201cPerson of the Year\u201d issue. Besides blocking users from reading its website with an AI…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[177,3841,3842],"tags":[],"class_list":["post-7354","post","type-post","status-publish","format-standard","hentry","category-artificial-intelligence","category-ethics","category-future-society"],"_links":{"self":[{"href":"https:\/\/musictechohio.online\/site\/wp-json\/wp\/v2\/posts\/7354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/musictechohio.online\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/musictechohio.online\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/musictechohio.online\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/musictechohio.online\/site\/wp-json\/wp\/v2\/comments?post=7354"}],"version-history":[{"count":0,"href":"https:\/\/musictechohio.online\/site\/wp-json\/wp\/v2\/posts\/7354\/revisions"}],"wp:attachment":[{"href":"https:\/\/musictechohio.online\/site\/wp-json\/wp\/v2\/media?parent=7354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/musictechohio.online\/site\/wp-json\/wp\/v2\/categories?post=7354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/musictechohio.online\/site\/wp-json\/wp\/v2\/tags?post=7354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}