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 mentioned 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 mentioned 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 be taught extra about that. We’ve a workforce of individuals right here which might be spending time with them and are it.”
Prediction markets like Kalshi and Polymarket enable buyers to commerce contracts tied to the end result of world occasions, starting from elections and financial knowledge releases to coverage selections. Goldman’s curiosity comes as prediction markets acquire 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 mentioned makes the merchandise look more and more much like conventional monetary devices.
“When you concentrate on a few of these actions, significantly if you take a look at among the ones which might be CFTC regulated, they appear to be by-product contract actions,” mentioned the 63-year previous CEO, who’s led Goldman since 2018. “So I can actually see alternatives the place these cross into our enterprise.”
Nonetheless, Solomon struck a word of warning on timing, pushing again on expectations that Wall Avenue’s embrace of prediction markets will probably be speedy.
“I believe there’s a variety of cause to be excited and desirous about these items,” he mentioned. “However the tempo of change may not be as fast and as rapid as among the pundits are speaking about. However I believe they’re vital, actual. And we’re spending a variety of time.”
Disclosure: CNBC and Kalshi have a industrial relationship.