Hollywood Quietly Banning Prediction Market Betting on Movie News, Release Dates (Exclusive)

Employees at studios and production companies are being warned against profiting off their knowledge of even the most modest of insider information. Employees at studios and agencies are being warned against profiting off their insider knowledge of even the most modest of information. Employees at studios and production companies are being warned against profiting off their knowledge of insider information. But experts say there's almost no way to stop it. If you’re an industry insider tempted to drop a few thousand on Kalshi predicting who will be cast as the next James Bond, think again. The Hollywood Reporter has learned studios and production companies have been quietly issuing new guidelines to employees warning them not to engage in prediction market betting.

The warnings prohibit employees from placing bets on news events like studio earnings, casting, or even release dates. Passing information along to friends and family for them to place bets is likewise forbidden. At least one company set up a hotline where staffers can anonymously report on their fellow employees suspected of placing bets. In a way, such updates are an expansion on longstanding rules which forbid employees from insider trading in the stock market. And many instances of prediction market profiteering using insider corporate information might violate federal law already. But with prediction markets allowing betting on everything