Reposted by Apoorva Joshi, Ph.D.
Yet another Kalshi offering that serves no legitimate economic purpose. It's not possible to make a rational bet on this without material non-public information. It's a market solely for fraud by both regulators and corporate insiders, and everyone connected to it in any way should go to prison.
bloomberg.com
Kalshi Will Offer Sports-Style Betting on Drug Trial Results
Kalshi Inc. is expanding in biotechnology by offering wagers on the outcomes of clinical trials and regulatory decisions, giving traders a more direct way to bet on key industry catalysts.