Morgan Stanley’s equity research team said in an annual survey of more than 500 summer interns in North America that prediction markets and AI tools are gaining traction with younger participants entering finance. Most respondents were age 21 or younger, and more than a quarter said they had used betting or prediction market apps over the past year. Kalshi and Polymarket were the most common choices, while 55% of those users said they used more than one betting app.
The survey comes as prediction markets face increased scrutiny in the United States, with multiple states taking legal or regulatory action against related platforms. Morgan Stanley’s employee conduct rules cover trading and investment matters, including prediction markets, though no further detail was disclosed by the cited source.
The same survey also pointed to a sharp rise in AI adoption. About 68% of interns said they use AI tools every day, up from 35% last year and 14% in 2024. Roughly 70% said they pay for AI subscriptions themselves, compared with 52% last summer. At the same time, 61% said they are concerned AI could replace finance jobs, and 74% expressed concern about job displacement in other industries.
BlockBeats reported on Aug. 23 that Morgan Stanley’s equity research team surveyed more than 500 summer interns in North America in its annual poll, with most respondents age 21 or younger.
More than a quarter of the interns said they had used betting or prediction market apps during the past year. Kalshi and Polymarket were the most commonly cited platforms. Among those users, 55% said they used more than one betting app.
Prediction markets are drawing more scrutiny in the United States, and several states have taken legal or regulatory action against related platforms. Morgan Stanley’s employee conduct code covers trading and investment matters, including prediction markets, though the cited source said no further details were disclosed.
A separate nationwide survey found that 21% of U.S. adult respondents had used prediction market platforms. Among people aged 18 to 34, the share was 37%.
On AI, 68% of interns said they use AI tools every day, up from 35% last year and 14% in 2024. About 70% said they pay for premium AI tools out of pocket, compared with 52% last summer.
The survey also showed concern about job replacement. Some 61% said they worry AI could replace finance roles, while 74% said they are concerned about job displacement in other industries. More than 60% also said they are interested in using humanoid robots at home, and 10% said they could be early adopters.
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