Episode Details

Prediction markets are now letting people bet on whether life-saving drugs get FDA approval — turning medical breakthroughs into high-stakes gambles. While companies claim they’re preventing insider trading by banning developers and trial participants, the remaining bettors — like retired doctors — are hard to police. These markets, regulated under the Commodities Futures Trading Commission, dodge state gambling laws, sparking ethical outrage and legal debates. Research shows they’re just as addictive as traditional gambling, triggering the same brain rewards. As states like Utah question their legality, calls grow for Congress to either let states regulate or ban them outright for public safety.

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