JPMorgan CEO: "Considering entering prediction markets…won’t do politics or sports"
Summary
- JPMorgan said it is reviewing a plan to enter prediction markets.
- CEO Jamie Dimon said it will not enter prediction markets in politics or sports.
- Dimon said prediction markets are mostly closer to gambling, but in some areas can be seen as investing.
Forecast Trend Report by Period
Global investment bank (IB) JPMorgan is reviewing a plan to enter prediction markets.
Jamie Dimon, CEO of JPMorgan, referred to global prediction-market platforms such as Kalshi and Polymarket in an interview with CBS in the U.S. on the 31st, saying, "At some point we may end up doing something like that." He added, "(However) we won’t go into politics or sports," and said, "We also have strict rules regarding insider information."
Asked whether prediction markets are closer to gambling or investing, Dimon replied, "I think it’s closer to gambling for the most part." He added, "But in some areas you could say, ‘this is investing,’" citing cases "where you have very deep knowledge and can judge that, taking the other side of the bet, you know more than others."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
