Goldman Sachs CEO David Solomon speaks throughout an interview on the Financial Membership of Washington, Oct. 30, 2025.
Kevin Lamarque | Reuters
Goldman Sachs CEO David Solomon stated Thursday the large Wall Avenue funding financial institution is actively exploring alternatives in prediction markets, signaling rising institutional curiosity in a nook of finance that has gained elevated traction amongst merchants.
“The prediction markets are additionally tremendous attention-grabbing,” Solomon stated on Goldman’s fourth-quarter earnings name, based on a FactSet transcript. “I personally met with the 2 large prediction firms and their management within the final two weeks and spent a few hours with every to study extra about that. Now we have a workforce of individuals right here which can be spending time with them and are it.”
Prediction markets like Kalshi and Polymarket enable buyers to commerce contracts tied to the result of world occasions, starting from elections and financial knowledge releases to coverage selections. Goldman’s curiosity comes as prediction markets achieve visibility amid debates over market transparency and regulatory boundaries.
Some platforms function beneath the oversight of the Commodity Futures Buying and selling Fee, a distinction that Solomon stated makes the merchandise look more and more just like conventional monetary devices.
“When you consider a few of these actions, significantly once you have a look at a few of the ones which can be CFTC regulated, they seem like spinoff contract actions,” stated the 63-year outdated CEO, who’s led Goldman since 2018. “So I can definitely see alternatives the place these cross into our enterprise.”
Nonetheless, Solomon struck a observe of warning on timing, pushing again on expectations that Wall Avenue’s embrace of prediction markets can be fast.
“I believe there’s quite a lot of purpose to be excited and concerned with this stuff,” he stated. “However the tempo of change won’t be as fast and as speedy as a few of the pundits are speaking about. However I believe they’re vital, actual. And we’re spending quite a lot of time.”
Disclosure: CNBC and Kalshi have a business relationship.
