Morgan Stanley Joins NEXTPredict as Prediction Markets Bet on 'More Institutional' Play
60-second summary
Morgan Stanley joins NEXTPredict, signaling that prediction‑market platforms are shifting toward “more institutional” participation; while sports wagers still dominate trade volume, the firms’ valuations now hinge on growing interest from professional investors, suggesting heightened liquidity, tighter spreads, broader asset coverage and potentially stronger price discovery across non‑sport event markets in 2024.
The bulk of prediction market trades are still sports bets, while valuations are predicated on rising institutional interest.