Betting on Life and Death: The Unsettling Rise of Pharmaceutical Prediction Markets The latest innovation in online betting has nothing to do with sporting events or reality TV shows.
Kalshi, an online gambling website, has launched a suite of prediction markets that allow people to wager on the outcome of pharmaceutical clinical trials and FDA decisions.
With over $100,000 already bet, this new venture is being hailed as a way to make "drug development odds public for the first time.