Share 
This image was created entirely by AI with guidance from our editorial team.
Hollywood studios and production companies are issuing guidelines barring employees from trading in entertainment-related prediction markets, according to The Hollywood Reporter.
The restrictions cover events such as studio earnings, casting decisions and movie release dates. They also prohibit passing information to friends and family for use in prediction market trades.
Employers Tighten Rules on Confidential Information
At least one company has established a hotline for anonymous reports about employees suspected of prohibited trading, The Hollywood Reporter reported.
PMC, The Hollywood Reporter’s parent company, also updated its employee handbook in recent weeks. Its restrictions cover prediction market trading on award nominations, casting decisions, production timelines and release dates.
The policies address access to confidential information about outcomes available for trading.
“You now have, essentially, an explosion in the number of employers who have to think about insider trading rules from an ethical standpoint,” Joshua Mitts told The Hollywood Reporter.
Kalshi has disclosed a case involving a video editor at MrBeast’s company. According to that disclosure, the editor made $5,000 by improperly using confidential information to trade contracts about MrBeast content. The employee was fired and fined $20,000.
Separately, a Puck column reported that someone working on a CBS competition show had been making money through prediction markets.
CFTC Weighs Entertainment Event Contracts
The Commodity Futures Trading Commission has said contracts on award shows such as the Oscars and Emmys should be allowed. Its treatment of game shows, reality competitions, pageants and similar events is less settled, according to The Hollywood Reporter.
In a request for comments, the CFTC raised differences in how entertainment competitions operate. It noted that game shows typically follow standards promoting impartiality and fair competition. Other competitions may depart from those standards to enhance their entertainment value.
Film revenue contracts face a separate statutory restriction. Congress has prohibited contracts tied to motion picture box office receipts.
—
Source: As reported by The Hollywood Reporter.
