JPMorgan considers prediction market entry

JPMorgan Chase CEO Jamie Dimon indicated the bank is exploring an entry into prediction markets, a rapidly growing sector attracting significant competition from crypto firms and rivals like Goldman Sachs. While Dimon emphasized avoiding sensitive areas like sports and politics and adhering to strict insider trading rules, the move signals increasing institutional interest. Goldman Sachs has also expressed similar ambitions, with CEO David Solomon meeting with major prediction platforms. This expansion occurs as regulatory bodies like the CFTC begin to establish frameworks, though legal uncertainties persist.