Article
How Drug Trial Prediction Markets Pose Insider Trading Risks
August 19, 2026
| Law360
Authors:

Yelena Kotlarsky, Aaron Lipson and Nikki Reeves examine the insider trading risks posed by prediction markets tied to clinical drug trial outcomes in Law360. The article discusses how participants with access to material nonpublic information about trial results may create regulatory and enforcement challenges as these markets continue to evolve.

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Authors
Yelena Kotlarsky
Partner
Special Matters & Government Investigations
Aaron W. Lipson
Partner
Special Matters & Government Investigations
Nikki Reeves
Partner
Government Matters & Regulation
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