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Biopharma's
Public Probability

The State and Future of Prediction Markets in Drug Development

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Market Odds
AppliedXL
Crowd-implied approval odds

FDA decision: Iberdomide by Celgene (in 2026)

FDA decision on Iberdomide in 2026

73%chanceView on Kalshi

FDA decision: Anitocabtagene Autoleucel (anito-cel) by Gilead Sciences (in 2026)

FDA decision on Anitocabtagene Autoleucel (anito-cel) in 2026

79%chanceView on Kalshi

FDA decision: Ivonescimab by Summit Therapeutics (in 2026)

FDA decision on Ivonescimab in 2026

55%chanceView on Kalshi

FDA decision: Saroglitazar by Zydus Therapeutics (in 2026)

FDA decision on Saroglitazar in 2026

75%chanceView on Kalshi

FDA decision: Rusfertide by Protagonist Therapeutics (in 2026)

FDA decision on Rusfertide in 2026

84%chanceView on Kalshi

FDA decision: DTX401 (pariglasgene brecaparvovec) by Ultragenyx Pharmaceutical (in 2026)

FDA decision on DTX401 (pariglasgene brecaparvovec) in 2026

62%chanceView on Kalshi

FDA decision: Bepirovirsen by GlaxoSmithKline (in 2026)

FDA decision on Bepirovirsen in 2026

76%chanceView on Kalshi

FDA decision: Zidesamtinib by Nuvalent (in 2026)

FDA decision on Zidesamtinib in 2026

79%chanceView on Kalshi

FDA decision: Brepocitinib by Priovant Therapeutics (in 2026)

FDA decision on Brepocitinib in 2026

74%chanceView on Kalshi

FDA decision: Ifinatamab Deruxtecan by Daiichi Sankyo (in 2026)

FDA decision on Ifinatamab Deruxtecan in 2026

74%chanceView on Kalshi

FDA decision: BBP-418 by Ml Bio Solutions Inc. (in 2026)

FDA decision on BBP-418 in 2026

89%chanceView on Kalshi

FDA decision: bictegravir 75 mg/lenacapavir 50 mg (BIC/LEN) by Gilead Sciences (in 2026)

FDA decision on bictegravir 75 mg/lenacapavir 50 mg (BIC/LEN) in 2026

95%chanceView on Kalshi

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