Polymarket is making significant strides in expanding its institutional presence by hiring Lisa Mantil, who brings nearly 30 years of experience from Goldman Sachs, where she was the global head of the ETF accelerator.
Mantil's expertise in guiding institutions through new market products is expected to bolster Polymarket's efforts to attract larger traders, particularly as the prediction market sector gains traction. The company has been actively hiring, including the recent appointment of Warren Jenson as CFO, indicating a robust growth strategy following the launch of its U.S. exchange in May.
Despite the challenges posed by regulatory issues surrounding prediction markets, Polymarket is keen on increasing institutional participation, as evidenced by its discussions regarding block trades on its U.S. platform.
This move is crucial as institutional adoption remains in its infancy, and attracting Wall Street liquidity could significantly impact the market's evolution and the company's growth trajectory