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Polymarket Hired former Goldman Sachs partner Lisa Mantil as head of institutional growth to drive institutional business growth
BlockBeats reported that,September 30, according to CNBC reported, prediction market platform Polymarket has hired Lisa Mantil, who has nearly 30 years of experience at Goldman Sachs, as head of institutional growth to attract Wall Street capital and expand its institutional business.
Mantil was previously a partner at Goldman Sachs and served as the global head of the bank's ETF accelerator, where she was responsible for helping clients launch investment products. She said she would draw on her experience helping institutions adopt new products and enter new markets to expand the application of prediction markets in investment and risk management strategies.Polymarket founder and CEO Shayne Coplan said that Mantil's institutional experience and relationships would support the company's next phase of expansion.
Prediction market growth has previously been driven mainly by retail investors participating in sports-related contracts, and platforms are now seeking to increase institutional liquidity.Polymarket international platform has completed its first block trade; a broker working with early institutional participants said the company was also discussing block trading on its US platform and was close to having the relevant capabilities, but Polymarket did not comment on the specific progress.
Original link https://m.theblockbeats.info/flash/369653