JPMorgan chairman and CEO Jamie Dimon said the bank is exploring a possible role in prediction markets.
In a CBS interview on 31 Mar, Dimon said it is possible one day that JPMorgan offers such products. He drew a parallel with algorithmic stock-picking services the bank already provides.
Dimon stressed the bank would not participate in sports or political markets. It would enforce strict controls on non-public information.
"We cannot use insider information at all for any reason, including prediction markets," he said. "We would make that clear."
Paradigm develops trading terminal
His comments come as Paradigm, a major crypto venture firm, is building a prediction markets trading terminal for professional traders and market makers. Partner Arjun Balaji is leading the project, which began in late 2025.
Paradigm has started aggregating prediction market data into a public dashboard. It is also considering an internal market-making desk and prediction market indices. The firm is already a backer of Kalshi.
Sector sees rapid growth
Prediction markets have expanded quickly since the 2024 US elections. Monthly trading volume grew from $1.2bn in early 2025 to more than $20bn in January 2026, according to TRM Labs.
Kalshi and Polymarket have broadened their offerings to include sports, commodities and crypto assets.
Dimon described most prediction market activity as closer to gambling than investing, but noted there are cases where participants take the other side of a bet because they believe they know better.
