Morgan Stanley Joins NEXTPredict as Prediction Markets Court Institutional Capital
- —Morgan Stanley will lead an institutional capital panel at NEXTPredict on October 22–23
- —The panel will be led by Stephen Grambling, head of U.S. gaming, lodging and leisure research
- —About 90% of prediction market turnover comes from sports contracts
- —Kalshi is valued at $40 billion, Polymarket at $20 billion, DraftKings at about $13 billion
Why it matters: A major bank has publicly backed the prediction market sector for the first time, potentially accelerating institutional inflows once regulatory clarity emerges.
Source: Decrypt