Prediction Market Betting on Drug Trials and Approvals Sparks… | HappeningNow.news

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Prediction Market Betting on Drug Trials and Approvals Sparks Concern About Undermining Research

Prediction markets on Kalshi and Polymarket now let people wager money on drug approvals. Kalshi also plans to allow bets on clinical trial results.

Source AI Summary Published July 28, 2026 Brief Under 1 min brief
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The emergence of prediction markets on Kalshi and Polymarket, which enable individuals to wager on drug approvals, has raised concerns about the potential impact on research. These platforms allow users to place bets on the outcome of clinical trials and regulatory decisions, which could create financial incentives for researchers to manipulate trial results or influence approval processes. The involvement of financial interests in the research process may compromise the integrity of the scientific method. Kalshi's plan to expand its platform to include bets on clinical trial results further underscores the need for scrutiny of these prediction markets and their potential effects on the pharmaceutical industry.

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Read original at The New York Times

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