The prediction markets are catching on with Wall Street interns

Image for article The prediction markets are catching on with Wall Street interns
News Source : Business Insider

News Summary

  • Morgan Stanley asked interns about their AI use and betting habits as part of its annual survey.
  • More than a quarter of the interns said they'd used a betting or prediction market app in the past year.
  • Interns are, it seems, simultaneously excited and dismayed by AI, and some seem convinced that older generations aren't fully appreciating its power.
  • The survey went beyond pure numbers, and Gen Z anxieties were evident in some of the written responses, especially around AI and the economy.
The summer intern hunched over their phone, surreptitiously typing away, might be doing one of two things betting on a prediction market or managing an AI chatbot.

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