Morgan Stanley Survey Finds More Than a Quarter of Interns Used Prediction Markets

What happened

Morgan Stanley surveyed over 500 North American summer interns, mostly aged 21 or younger, and found that more than a quarter had used prediction market apps in the past year. Kalshi and Polymarket were the most common platforms, and 55% of users used multiple betting apps.

Confirmed

Global impact / market context

Prediction markets, which are platforms where people bet on future events, are under increased U.S. scrutiny. If young professionals use them widely, regulators may tighten rules, affecting how these platforms operate and potentially limiting their growth and revenue.

Analyst inference

This survey suggests prediction markets are gaining popularity among younger people, which could attract more users and investment. However, increased regulatory attention might create uncertainty for these platforms, possibly affecting their valuation and the broader betting and financial technology sectors.

Analyst inference

What to watch

1. Watch for any official statements from Morgan Stanley or the surveyed interns about their specific usage patterns, as the article only provides aggregate survey results without further details. Confirmed
2. Investors should monitor regulatory announcements from U.S. authorities regarding prediction markets, as new rules could directly impact platforms like Kalshi and Polymarket and their user bases. Proposed
3. Observe whether other financial firms conduct similar surveys, as widespread usage among young professionals might signal a shift in how retail investors engage with event-based betting, potentially influencing market dynamics. Analyst inference

Evidence

• binance.com