Jamie Dimon says JPMorgan could one day enter the red-hot world of prediction markets — with tight boundaries.
“It’s possible one day we’ll do something like that,” he said in an interview with CBS News on Tuesday, adding that JPMorgan is studying how prediction markets might work.
Prediction markets like Kalshi and Polymarket, where traders wager on real-world events, are booming as platforms expand into areas like economics, geopolitics, and business outcomes. They also raise concerns around regulation, speculation, and insider trading.
Dimon said JPMorgan’s approach would be to have clear guardrails.
“We’re not going to be in sports. We’re not going to be in politics. There’s a bunch of stuff we won’t do,” he said.
He also emphasized strict compliance controls, particularly around insider information.
“You cannot use inside information at all for any reason, including prediction markets,” Dimon said.
While Dimon acknowledged the growing relevance of the space, he stopped short of endorsing prediction markets as a pure investing tool.
“I think for the most part it’s more like gambling,” he said.
However, there are scenarios in which informed participants could treat it more like investing, particularly if they have deep knowledge and are taking the other side of a trade, he said.
Dimon took a pragmatic view of gambling, saying “people have been gambling forever.”
“I’m against it if it’s an addiction that ruins your life type thing,” he said.
“I’m a little bit of a libertarian. You have the right to do what you want, the way you want. You know, just take care of yourself,” Dimon said.
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