Morgan Stanley will take a central role in the Institutional and Capital programme at NEXTPredict NYC, which takes place on October 22-23 at Convene, Hudson Yards in New York.

As strategic partner, the financial institution will assemble and lead the Institutional and Capital panel on the second day of the summit. The discussion will explore where institutions see opportunities within prediction markets, the obstacles to broader participation and questions surrounding capital, market structure and risk as the sector develops.

“The next chapter of prediction markets will be shaped by how the largest financial institutions engage with the category,” said Pierre Lindh, Co-founder and Managing Director of NEXTPredict.

“Morgan Stanley’s leadership of this discussion raises the standard of the programme and brings the institutional authority this conversation requires. If you want to understand where institutional capital sees opportunity, what still stands in the way and what comes next, this is where that conversation will happen.”

Stephen Grambling, Head of US Gaming, Lodging and Leisure Research at Morgan Stanley, said growing interest in prediction markets across the financial sector was raising questions over what would be required for greater institutional involvement.

“Prediction markets are attracting greater attention across the financial system, but institutional participation will depend on a clear understanding of the opportunity, market structure and risks involved,” he said.

“Leading this panel gives us an opportunity to examine both what institutions need from the category and what the category will need from institutions as it develops.”

NEXTPredict NYC expects to bring together 2,500 operators, investors, regulators, market makers, founders, suppliers and media across five stages. Sessions will cover regulation, liquidity, market infrastructure, institutional capital, forecasting applications, product development and the role of media in distributing market signals.