BlockBeats News, January 16 — Goldman Sachs is exploring opportunities in prediction markets, aiming to enable the investment bank to benefit from this rapidly growing field that involves betting on real-world events. The company’s CEO, Solomon, called prediction markets “very interesting,” and stated that over the past two weeks, he personally met with the heads of the two largest prediction market companies in the sector.
“We have a team here engaging with them and conducting research,” Solomon said during the analyst call following the bank’s Q4 earnings release. The entry of this mainstream Wall Street institution into prediction markets could enhance the legitimacy and trading volume of this lightly regulated but thriving financial niche. Some market-making firms have already joined the race. (Jin10)