Hollywood Studios Ban Production Crews From Betting on Prediction Markets

From major political outcomes to the latest Hollywood rumors, prediction markets now offer trading on almost everything. But as the online platforms explode in popularity, a growing number of industries are cautioning insiders against trading non-public information. The entertainment industry is the latest to sound the alarm on prediction markets. The Hollywood Reporter says employees at studios and production companies have been issued formal warnings about prediction markets, with workers who violate a company’s terms jeopardizing their employment.