Hollywood Quietly Banning Prediction Market Betting on Movie News, Release Dates
Studios are warning employees off wagers on earnings, casting and release dates after insider betting cases and a Columbia study estimated $143 million in anomalous profit.
6 Articles
6 Articles
Hollywood cracking down on industry insiders betting on Kalshi, Polymarket
Entertainment industry insiders looking to cash in on prediction market betting will have a much harder time, according to The Hollywood Reporter. THR reports that Hollywood studios and production companies have been releasing new guidelines prohibiting employees from using their knowledge of casting news, release dates, and studio earnings to place bets on platforms like Kalshi and Polymarket. That means no more betting on things like the Danci…
Key Points of the News: Hollywood Entertainment Companies and Studios updated their internal policies to prohibit workers from operating on platforms such as Polymarket and Kalshi. Disciplinary restrictions include confidential decisions such as delivery announcements, release dates, fundraising figures and awards nominations. At least one company implemented a line of... Read more
Hollywood Declares War on Insider Bets: Studios Ban Employees From Gambling on Movie News
Prediction markets have become a new and unpredictable part of the entertainment business. Platforms like Kalshi and Polymarket let users bet on everything from talk show moments to major casting announcements, turning industry news into something people can wager on. That growth has raised concerns about insider information. With so many employees knowing details before...
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