Kalshi to allow bets on clinical trials, FDA decisions

[highplainsdem]

Source: Reuters

Prediction market platform Kalshi will start taking bets on the outcomes of clinical trials and FDA regulatory reviews, it said on ​Thursday, making drug-development odds public for the first time.

The ‌new markets will be launched in partnership with AppliedXL, which monitors and predicts the outcomes of clinical trials.

-snip-

People will be ⁠able to bet only on the outcomes of late-stage ​trials as a part of the pilot program. Kalshi and ​AppliedXL will list a contract only after a trial finishes enrolling.

Each contract will be based on details of a named public document — the ​registered primary endpoint on ClinicalTrials.gov, the FDA approval letter ​or the voting record of the agency's advisory committee.

-snip-

Read more: https://www.reuters.com/legal/litigation/kalshi-allow-bets-clinical-trials-fda-decisions-2026-07-16/

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Such a waste of money. Except for insiders keeping their participation secret while they separate fools from their money.

And of course Trump Jr., a complete fool but a well-connected one, will make more money because of the Kalshi shares he was given when he became a "strategic adviser" last year.

[Intractable]

1. I think these prediction markets are going to bring about the end of the world.

There's too much opportunity for the observers to interfere with the observed.

There is so much incentive to mess with the outcomes of important decisions.

[Prairie Gates]

2. Sounds very much on the up-and-up

Great job, capitalism.

[dweller]

3. Kalshi can next , in the fine print below the ads

Predict odds on the side effects of these drugs potentially killing you ..




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