Lisa Mantil, a near three-decade veteran of Goldman Sachs, is leaving the investment bank to join Polymarket with a mandate to bring institutional trading to the prediction-market platform, CNBC reported.
Polymarket operates markets that let participants trade on the outcomes of real-world events. The company has been seeking ways to broaden its user base beyond retail participants, and the addition of a Wall Street veteran is intended to encourage institutional firms to provide liquidity and participate in its markets.
Attracting institutional traders can increase market depth, reduce spreads and lend greater credibility to trading venues. Polymarket’s move reflects a wider industry push by crypto-adjacent trading platforms to build relationships with traditional financial firms and to demonstrate the operational and compliance standards that large institutions typically require.
The shift also highlights persistent regulatory and operational issues such platforms face when courting Wall Street. While institutional engagement can accelerate growth and product development, firms will weigh legal, compliance and reputational considerations before committing capital to novel trading venues.
Details on Mantil’s exact role and start date were not provided in the initial report. Polymarket and Goldman Sachs did not offer immediate comment in the report cited.