Polymarket Hires 30-Year Goldman Veteran Lisa Mantil to Court Wall Street Liquidity
Updated
Updated · CNBC · Sep 29
Polymarket Hires 30-Year Goldman Veteran Lisa Mantil to Court Wall Street Liquidity
3 articles · Updated · CNBC · Sep 29
Summary
Lisa Mantil, most recently a Goldman Sachs partner leading its ETF accelerator, will join Polymarket as head of institutional growth ahead of a Tuesday announcement.
The hire is aimed at pulling more Wall Street capital into prediction markets, where retail-driven volume has surged but institutional adoption remains early.
Polymarket has been building that push since launching its U.S. exchange in May, adding staff across its domestic and international platforms and naming former Amazon and Delta executive Warren Jenson CFO this month.
Block trades are a key next step: Kalshi completed the first such trade in April, Polymarket's international platform followed in May, and brokers say Polymarket is nearing that capability on its U.S. venue.
That expansion is unfolding as prediction-market operators still face state-level regulatory fights over oversight of sports-related event contracts, a hurdle that has kept some institutions on the sidelines.