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The Ethics of Prediction Markets

The growth of prediction markets begs the question, is it wrong to benefit from someone else’s misfortune? Ethics Center staff and faculty interrogate the moral and ethical issues associated with prediction markets.

Explore Ethical Perspectives About Prediction Markets

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The Intersection of Data Center Development, Water Availability, and Environmental Justice In California

A new report by Next 10, led by researchers Iris Stewart-Frey and Irina Raicu at Santa Clara University, finds that data centers are expanding into water-stressed, vulnerable communities across California.

California has the opportunity to align data center growth with its climate, water, and environmental justice goals — but it requires stronger transparency and integrated planning.

Access the Full Report from Next 10

AI Ethics Literacy

A list of AI ethics issues and relevant materials (articles and video recordings) from the Center’s website. 

Access AI Ethics Literacy Resources

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Ethics in the Age of Disruptive Technologies: An Operational Roadmap

By José Roger Flahaux, Brian Patrick Green, and Ann Skeet

"Ethics in the Age of Disruptive Technologies: An Operational Roadmap,” or, more briefly, the “ITEC Handbook,” offers organizations a strategic plan to enhance ethical management practices, empowering them to navigate the complex landscape of disruptive technologies such as AI, machine learning, encryption, tracking, and others while upholding strong ethical standards.

Download the ITEC Handbook

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Seeking Participants for Venture Ethics AI Risk Research Study

The Markkula Center for Applied Ethics at Santa Clara University is conducting a research study to understand which AI risks matter most to decision-makers during mergers and acquisitions, and how those risks are identified, assessed, and managed in practice through confidential interviews with senior deal professionals. 

Learn More About the Study

All About Ethics: Perspectives From Across the Center

A collage of circuit boards interwoven with aerial photographs of water treatment facilities, agricultural lands, industrial sites and mining machinery. Image: Silicon Landscapes by SinemGörücü via Better Images for AI.

When information scarcity and water scarcity meet, oversimplifications are likely to lead to worse outcomes for both opponents and proponents of data center development.

Title: Election 2026 California Governor Image ID: 26126093299192 Article:  Antonio Villaraigosa, Katie Porter, Tom Steyer, Steve Hilton, Chad Bianco and Xavier Becerra participate in a California gubernatorial debate hosted by CNN at East Los Angeles College in Monterey Park, Calif. Tuesday, May 5, 2026. (AP Photo/Ethan Swope)

Rebranded as “prediction markets”—platforms where people trade on the likelihood of future events—this form of betting has moved beyond sports into elections, climate disasters, and geopolitical conflicts.

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The goal is to ensure that as AI accelerates the machine of drug development, we have deliberate mechanisms for human accountability.

Featured Ethics Spotlights

An arm outstretched holding a heart with words Digital Dignity Day across the top. Design by Tiffany Yu/Markkula Center for Applied Ethics.

This Ethics Spotlight explores the impact AI is having on human dignity, part of the Markkula Center’s work in the international project New Humanism in the time of Neurosciences and Artificial Intelligence (NHNAI).

Families with young children protest the separation of immigrant families with a sit-in at the Hart Senate Office Building, Thursday, July 26, 2018, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

This Ethics Spotlight explores the ethical dimensions of immigration enforcement and detention in the United States—particularly the role of ICE under the current administration.

A large white house with columns and many windows. The house sits on a expansive green lawn with a large circular fountain and is framed by two green leafy trees. By Ana Lanza on Unsplash.

Governing, as defined by Oxford Languages, is having authority to conduct the policy, actions, and affairs of a state, organization, or people. But how one goes about governing is another matter. In this Spotlight, Markkula Center staff and scholars analyze the role of compassion in the approaches used by people in power.

Center News

An aerial view of a large data center overlaid with the words The Intersection of Data Center Development, Water Availability, and Environmental Justice In California.Logos for Santa Clara University and supporting departments are present.

In a new report from Next 10 mapped every known operating and planned data center in California through a water access and environmental justice lens.

Santa Clara University Juniors Annie Schloss and Rebecca An.

2025-26 Hackworth Fellow Annie Schloss ’27, and Rebecca An ’27, a 2025-26 Health Care Ethics Intern, Earn National Research Awards

World Philosophy Day

Alumni from Ethics Center Hackworth Fellowship and Ethics Bowl programs returned to SCU as featured panelists at World Philosophy Day hosted by the Philosophy Department in the SCU College of Arts and Sciences.

Teaching Note: Interview of Theranos Whistleblower, Tyler Shultz

This teaching module for business ethics, leadership and management courses includes two videos, homework assignments, and class discussion, all designed to spark conversation about ethical issues associated with whistleblowers and corporate governance.

View the Teaching Module

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Evaluating Culture for Ethics

Our Culture Self-Assessment Practice recommends approaches to evaluating culture for ethics within companies and other types of organizations. The materials are primarily for members of an organization’s leadership team, including human resources and legal, but designed to engage a cross-section of leaders from various disciplines.

Get Started

Media Commentary

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Brian Green, director, technology ethics, quoted by Union of Catholic Asian News.

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Davina Hurt, director, government ethics, quoted by the Los Angeles Times.

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Brian Green, director, technology ethics, quoted by National Catholic Register.

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Davina Hurt, director, government ethics, quoted by The Oaklandside.

An Industry Leader in Ethics Consultation

For more than 35 years, the Ethics Center has helped individuals and organizations make better decisions and includes offering fee-for-service options for organizations that want a customized approach to building training programs, case studies, and other materials.