Morgan Stanley (MS) Joins Prediction Market Push In A First For Major Banks

Morgan Stanley (MS) has become the first major Wall Street bank to formally partner with a prediction market initiative by collaborating with NEXTPredict. This move aligns with Morgan Stanley's strategy to leverage its data and technology to enhance advisory services and explore new fee-based formats, similar to how other rivals are exploring AI and private markets. While it supports the bank's data-informed advisory platform, the monetization aspect and client willingness to pay for these new t