Hollywood Studios Quietly Ban Staff From Betting on Prediction Markets: Report
Hollywood companies are adopting rules barring employees from betting on prediction markets using confidential information about casting, earnings, production schedules and release dates, and from tipping others. Penske Media updated its handbook, while at least one company reportedly created an anonymous reporting hotline. Enforcement is difficult when traders conceal their identities, though platforms and governments are increasing oversight. Recent cases include a MrBeast employee fined and fired for betting with inside information, and pending federal prosecutions involving Polymarket bets. Several states have barred public employees from such trading. A sudden betting shift on the next James Bond led BetOnline to suspend that market amid leak concerns.
