Goldman Sachs could soon jump into booming prediction markets, CEO David Solomon says [Business Insider]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Business Insider
Become an Insider and start reading now. Have an account? Log in Goldman Sachs could wade into prediction markets soon. CEO David Solomon says that the investment bank is exploring opportunities in the booming market. On the bank's earnings call, he said that Goldman has been in touch with the big players in the space. Buried beneath headlines about Goldman Sachs' blowout earnings report was an interesting update from the investment banking titan regarding a foray into a booming corner of the market. Goldman Sachs CEO David Solomon said the bank is considering getting into prediction markets during the firm's earnings call on Thursday. Solomon said the bank has a team looking into how it can enter the market, which has boomed since the 2024 election. "I think the prediction markets are also super interesting," he said. "I personally met with two big prediction companies in their leadership in the last two weeks and spent a couple of hours with each." Solomon didn't e
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