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Kalshi and AppliedXL launch clinical-trial prediction-market pilot

Deals & M&A

Kalshi and AppliedXL launched a pilot of prediction markets linked to clinical-trial outcomes and FDA decisions, the companies said. AppliedXL provides the resolution infrastructure, with contracts tied to specified public documents; the pilot covers late-stage trials, according to the report.

The pilot tests prediction markets on clinical-trial outcomes and FDA decisions, using specified public documents to resolve contracts.

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Deals & M&A

Prospect Markets agrees proposed US prediction-markets launch with OG Broker

Prospect Markets signed a letter of intent with Foris DAX FCM LLC, operating as OG Broker, for a proposed US sports-focused prediction market. The arrangement would involve North American Derivatives Exchange and a clearing relationship through OG Broker; definitive agreements and any required regulatory approvals remain outstanding. The parties are targeting a launch in Q3 2026, Prospect Markets said.

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