Kalshi to offer betting on drug trial results and FDA regulatory decisions

Move comes as prediction platforms rapidly gain popularity and offer opportunities to bet on virtually anythingKalshi is expanding its wagers to include bets on drug trial results and is considering offering contracts on flight delays, as prediction market platforms continue to rapidly gain popularity and offer opportunities to bet on virtually anything.The betting platform said the expansion into clinical trials and FDA regulatory decisions will help surface information on drug trials that otherwise goes unreported. A publicly listed contract on a drug trial would produce a “continuously updated, public probability that reflects the weight of the evidence, rather than the preferred message of the trial sponsor”, the company said. Continue reading...