Wall Street Eyes Prediction Markets as JPMorgan and Goldman Explore Entry

JPMorgan Chase and Goldman Sachs, two of the biggest investment banks, have both made clear their interest in prediction markets, fascinated by how quickly the sector has moved onto Wall Street’s radar (despite unresolved regulatory risks).

JPMorgan chief executive Jamie Dimon said in a CBS Evening News interview aired on March 31, 2026, that the bank is still in the study stage. 

Moreover, he said the firm could eventually pursue prediction-market activity tied to financial and economic contracts such as commodities, currencies and interest rates, while ruling out sports and political markets. 

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Goldman’s Earlier Signal

During the bank’s January 2026 earnings call, Goldman chief executive David Solomon described prediction markets as “super interesting” after meeting leaders from two major companies in the sector. 

He said his firm was focused on understanding the regulatory framework around CFTC-regulated platforms and was evaluating the area as a possible derivatives business.

Citizens Bank classified prediction markets as an emerging asset class in December 2025, the same month Kalshi reported annual trading volume of US$24B (AU$34.80B) and reached a US$11B (AU$15.95B) valuation as it pursued institutional margin trading. 

Both banks are moving carefully because the sector remains politically and legally exposed. Dimon stressed that insider information cannot be used in prediction markets under any circumstances, indicating that any JPMorgan offering would require tight compliance controls.

Separate blockchain analysis found six accounts that made a combined US$1.2M (AU$1.74M) on Polymarket from bets placed just before US strikes on Iran, increasing pressure on monitoring and enforcement standards as institutional interest grows.

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