Kalshi allows bets on clinical trial outcomes, Eli Lilly buys a psychedelic medicine, and more biotech news from The Readout

FDA approves injectable Leqembi, another post-Makary reversal, and other biotech news from The Readout

Gamblers can now bet on how experimental drugs will perform in clinical trials—and if they’ll get FDA approval.

Prediction markets have permeated the worlds of sports, politics, and reality television shows. Now, the biopharma industry could be next.

Kalshi allows bets on clinical trial outcomes, Eli Lilly buys a psychedelic medicine, and more biotech news from The Readout

Kalshi, one of the world’s largest prediction market exchanges, plans to take bets on clinical trials and regulatory approvals

The landscape for potential market manipulation keeps expanding.