#GoldmanEyesPredictionMarkets Wall Street Looks to Collective Intelligence
Attention on prediction markets is reaching new heights as reports suggest that Goldman Sachs is closely monitoring these markets as a potential source of valuable market intelligence. This signals how traditional financial institutions are evolving to better understand future economic, political, and market outcomes.
Prediction markets operate on a simple but powerful concept: participants trade on the probability of future events, such as:
Interest rate decisions
Election results
Inflation trends
Crypto price movement