Polymarket hires Wall Street veteran to target big money

Prediction markets aim to attract corporate funds and professional traders away from retail bettors.

Written by the BettingEdgeHub desk, 30 September 2026

Polymarket brought in a former Goldman Sachs partner to lead its institutional growth. Lisa Mantil spent nearly thirty years at the prominent investment bank. Her new job focuses on attracting banks, fund managers, and trading firms to the platform.

Building professional trust

Prediction market operators want to expand beyond small retail bettors. Big financial institutions previously relied on indirect assets to hedge risks. Now they can use prediction markets for direct risk management.

Facing potential legal hurdles

Sports event contracts currently drive most of the trading volume on yes/no exchanges. Some legal experts think the Supreme Court might eventually limit sports derivatives. Bringing in professional talent helps the company prepare for a shift toward more sophisticated financial products.

Expanding into new markets

The company already launched a dedicated platform for large investors and a research publication. They also executed a six figure block trade involving artificial intelligence hardware. Hiring wall street talent marks the next step in this strategy.

What it means for a bet

Prediction markets are pivoting toward professional money to reduce their reliance on casual sports bettors.

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