Looking for your next parlay? Soon, you can bet on Penn’s acceptance rate
The prediction market platform Kalshi is seeking regulatory approval to allow betting on the admission rates of 22 elite universities, including Penn. Experts warn that while the risk of insider trading exists, it may be difficult to profit from these markets.
Why it matters
The expansion of prediction markets into academic and social metrics raises ethical questions about the commodification of institutional data.
Which party will win the United States Senate? Will OpenAI or Anthropic go public first? And now, what will Penn’s acceptance rate be next year?
According to notices filed with its federal regulator this week, the prediction market platform Kalshi could soon open betting markets on admission rates at 22 elite institutions — including Penn. Users will be able to wager whether a college’s admission rate will be less than, equal to, or greater than a certain value.
The process of approving the new markets with the Commodity Futures Trading Commission will take several weeks, according to a Kalshi spokesperson.
A request for comment was left with a University spokesperson.
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