Morgan Stanley survey finds over a quarter of finance interns used prediction markets
A Morgan Stanley equity research survey found that more than a quarter of summer interns used a prediction market in the past year, according to Finance. The survey, reported by ChainCatcher, identified Kalshi and Polymarket as the most commonly used platforms among respondents. Fifty-five percent of these intern users said they used multiple betting apps. The finding marks early mainstream penetration of regulated event-contract platforms among Wall Street's incoming analyst class.
The intern data signals that Kalshi and Polymarket are becoming default financial tools for the next generation of professional traders, not fringe novelties. For recruitment teams at banks and hedge funds, the trend raises compliance questions: interns trading event contracts on company time or with material non-public awareness creates fresh insider-trading surfaces.
The 55% multi-app usage rate means loyalty is thin and switching costs are low, so any platform that improves UX or adds contracts can steal share quickly. For competitors like Novig and FanDuel Predicts, the Morgan Stanley finding is a free targeting list: these interns are the easiest-demographic to convert when they graduate into client-facing roles. The platforms that lock in this cohort now will shape where institutional flow migrates in five years.