Morgan Stanley Partners with NEXTPredict to Explore Institutional Capital in Prediction Markets
- Morgan Stanley has joined the NEXTPredict summit in New York as a strategic partner, leading a panel on institutional capital.
- Stephen Grambling, Morgan Stanley’s head of U.S. gaming, lodging and leisure research, will lead discussions on market structure and risks.
- Kalshi and Polymarket have raised valuations of $40 billion and $20 billion respectively, highlighting sector growth.
- Approximately 90% of prediction market turnover is currently sports-related.
Morgan Stanley’s involvement in the NEXTPredict summit underscores growing institutional interest in prediction markets. The bank aims to explore how these markets can evolve beyond their current sports-dominated focus to attract more institutional participation.
The high valuations of platforms like Kalshi and Polymarket indicate significant investor confidence, although the industry must diversify beyond sports contracts to maintain these valuations long-term. (Source)
