JPMorgan Chase CEO Jamie Dimon revealed that his financial institution is contemplating providing prediction market companies to its clients.
“It is attainable someday we’ll do one thing like that,” Dimon stated in an interview with “CBS Night Information” anchor Tony Dokoupil, talking about companies equivalent to Kalshi and Polymarket, which permit individuals to make bets on every thing from the outcomes of sporting occasions to elections.
Dimon added, “We’re not gonna be in sports activities. We’re not gonna be in politics. There is a bunch of stuff we cannot do. And clearly, we have now strict guidelines round insider data.”
Dokoupil requested: Is a prediction market extra like playing, or is it extra like investing?
“I feel for probably the most half, it is extra like playing,” Dimon stated. “However there are areas the place you possibly can say, ‘No, it is investing.’ You’re deeply educated. You take the opposite aspect of a guess. And also you suppose … you recognize higher than the opposite individual.”
Dimon stated he is usually not towards playing. “Individuals have been playing endlessly … each nation I’ve ever been in, individuals gamble,” he stated.
“I am towards it if it is an dependancy that ruins your life kind factor,” he stated. “I am a bit of little bit of a libertarian. You might have the appropriate to do what you need, the best way you need. You recognize, simply care for your self.”
