Goldman Sachs Group Inc. is looking at opportunities in prediction markets, positioning the investment bank to benefit from the fast-growing forums for bets on real-world events.
David Solomon, the firm’s chief executive, called prediction markets “super interesting” and said he had personally met with leaders of the two largest prediction market firms in the past two weeks.
“We have a team of people here that are spending time with them and are looking at it,” Solomon said on a call with analysts Thursday after the bank reported fourth-quarter earnings.
The entrance of the mainstream Wall Street firm into prediction markets could bolster the legitimacy and volume of the lightly regulated but booming corner of finance.
