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NYT

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

Tuesday, July 28, 2026


Prediction markets on Kalshi and Polymarket currently allow users to place wagers on drug approvals. Kalshi announced plans to expand its offerings to include bets on clinical trial results.

Original reporting: https://www.nytimes.com/2026/07/28/business/kalshi-polymarket-prediction-market-drugs.html

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