Goldman Sachs CEO Praises Prediction Markets, Plans to Enter Real-World Asset Trading

BlockBeats News, January 16th, Goldman Sachs is exploring prediction market opportunities, aiming to enable the investment bank to benefit from this rapidly growing area of betting on real-world events. The company's CEO Solomon called prediction markets "very interesting" and said that he had personally met with the leaders of the two largest prediction market companies in this field in the past two weeks.

"We have a team here who is in contact with them and doing research," Solomon said during the Thursday analyst conference call following the bank's release of fourth-quarter earnings. The entry of this mainstream Wall Street institution into the prediction market may enhance the legitimacy and transaction volume of this loosely regulated but thriving financial niche. Some market maker companies have already joined the fray. (Jinse)