Wall Street doubles down on prediction markets

Wall Street seems convinced that prediction markets are present to stay, cementing the presumption of platforms similar the crypto-based prediction marketplace Polymarket arsenic a ascendant fintech player.

In October, Bloomberg Markets surveyed 406 Wall Street pros and asked their views connected fashionable prediction markets similar Polymarket and Kalshi.

Related: Google Finance to integrate Polymarket and Kalshi prediction data

Launched successful 2020, the New York City-headquartered Polymarket is the world’s largest prediction market. It lets traders foretell events similar aboriginal Bitcoin (BTC) price, predetermination results, Federal Reserve policy, etc., by paying with cryptocurrency.

The proprietor of the New York Stock Exchange (NYSE), Intercontinental Exchange Inc., past period announced an concern of up to $2 cardinal into Polymarket.

When asked if the respondents expect gaming and concern to intersect much successful the future, astir 90% of them voted successful the affirmative.

While astir of the respondents expect gaming and concern to yet intersect, they besides expect regulatory bodies to code the eroding favoritism betwixt trading and gambling.

Nonetheless, the respondents optimistic astir the aboriginal of prediction markets are alternatively cautious portion themselves dealing with these platforms and bash not spot them to pass their concern decisions.

• Sundar Pichai responds to Polymarket predicting Gemini 3 update

• Columbia University survey claims 25% of Polymarket trades are inflated

• Donald Trump’s institution to motorboat Polymarket rival

While Wall Street bros are optimistic of the aboriginal of prediction markets similar Polymarket, they don't expect tokenization to earnestly disrupt the full fiscal strategy arsenic Robinhood (Nasdaq: HOOD) CEO Vlad Tenev would person everyone believe.

Tokenization is the process of deploying blockchain exertion to crook real-world assets (RWAs) similar stocks, funds, existent estate, etc. into integer tokens. This way, assets similar stocks get traded 24/7, dissimilar connected Wall Street, and investors adjacent person entree to fractional offerings.

While the tokenized assets marketplace is increasing and the manufacture expects to upstage the ascendant players, the accepted fiscal strategy inactive remains the favourite of retail traders owed to its long-standing operations and regulated status.

This communicative was primitively published by TheStreet connected Dec 2, 2025, wherever it archetypal appeared successful the MARKETS section. Add TheStreet arsenic a Preferred Source by clicking here.