Goldman Sachs Employing Polymarket Prognosis to Analyze Crisis in West Asia

WALL STREET GIANT Goldman Sachs is using Polymarket, an American prediction-based betting platform which transacts via cryptocurrency, as a tool for its analysis on the Iran-Israel conflict and the oil price outlook.

- NESIL STANEY

On June 22, Goldman's commodities research report said Polymarket prediction sees high chances of Iran disrupting the Strait of Hormuz.

Polymarket is a prediction market where investors place bets using USDC cryptocurrency stablecoin pegged to the US dollar on various future events, including economic indicators, war, weather, sports and political outcomes. US presidential elections turned out the highest betting event on the platform till date, with over $3.3 billion wagered on the race between Donald Trump and Kamala Harris.