[Hollywood Studios Restrict Employees from Using Insider Information to Bet on Market Predictions] Odaily Planet Daily reports that Hollywood studios and production companies are issuing rules to employees prohibiting the use of insider information to bet on market predictions. The ban covers events such as film company financial reports, casting decisions, and release dates, and also prohibits employees from disclosing information to friends and family for betting purposes; at least one company has established an anonymous hotline for employees to report colleagues suspected of betting. Penske Media recently updated its employee handbook, prohibiting employees from betting on award nominations, casting decisions, production schedules, and release dates. Columbia University law professor Joshua Mitts stated that transactions on blockchain platforms, if using mixers and concealing identities, can be difficult to trace. There have been cases of violations by entertainment industry professionals. In February of this year, Kalshi stated that a video editor at MrBeast used confidential information to bet and profited approximately $5,000; the employee was fired and fined $20,000. US prosecutors have also indicted two individuals suspected of using confidential information to bet on Polymarket; the case is still pending. (Decrypt)