Morgan Stanley to participate in the NEXTPredict Summit as a strategic partner
BIBIBI
AT A GLANCE
Morgan Stanley will participate in the NEXTPredict Summit as a strategic partner.
Article
Morgan Stanley enters prediction markets, becoming a strategic partner of NEXTPredict
BlockBeats news,September 25, Morgan Stanley will participate as a strategic partner in October 22 to 23 the NEXTPredict prediction market summit held in New York, where Stephen Grambling, head of U.S. gaming, lodging, and leisure industry research at Morgan Stanley, will moderate a panel discussion on institutional capital.
NEXTPredict co-founder Pierre Lindh said this is the first bank to publicly participate in an event in this field. Lindh stated that approximately 90%of the liquidity and trading volume in prediction markets currently comes from sports contracts, and that the industry's current high valuations are based on expectations of large-scale institutional capital entering the market in the future and prediction markets transforming from “alternative gambling” into institutional tools.
Morgan Stanley previously participated in Kalshi May-completed 1000000000 USD financing, and this year April published a report researching prediction markets.
Original link https://m.theblockbeats.info/flash/369012
Key points
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BlockBeats said that Morgan Stanley will participate as a strategic partner in October 22 to 23 the NEXTPredict prediction market summit held in New York.
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Stephen Grambling, Morgan Stanley's Head of U.S. Gaming, Lodging and Leisure Research, will host a panel discussion on institutional capital.
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NEXTPredict co-founder Pierre Lindh said that Morgan Stanley is the first bank to publicly participate in an event in this field.
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Pierre Lindh said that currently, approximately 90% of prediction market liquidity and trading volume comes from sports contracts.
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Morgan Stanley previously participated in Kalshi in May completed 1000000000 USD financing, and this year April published a report studying prediction markets.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Prediction markets allow participants to trade contracts based on event outcomes. This information indicates that Morgan Stanley plans to attend a relevant industry summit and discuss institutional capital, and has previously participated in Kalshi financing and published research reports.
Why it matters to readers
This indicates that traditional financial institutions are publicly paying attention to prediction markets, which may increase market interest in institutional participation.
For newcomers, the key is to distinguish between financing and research activities that have already occurred and summit arrangements that have not yet taken place.
Risks and unknowns
The information is primarily based on BlockBeats' retelling; the evidence contains no direct announcements from Morgan Stanley or NEXTPredict.
October 22 to 23 The summit and panel discussion had not yet taken place as of the time stated in the evidence.
The evidence does not state whether Morgan Stanley will develop subsequent product, client, or investment arrangements.
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Related concepts
Prediction Markets
An application scenario involving trading or betting on the outcomes of future events, whose settlement rules may serve as an exploitation point for a design flaw attack.
