Polymarket has hired former Goldman Sachs partner Lisa Mantil as Head of Institutional Growth to drive its institutional business growth.

According to CNBC, prediction market platform Polymarket has hired Lisa Mantil, who brings nearly 30 years of experience at Goldman Sachs, as its Head of Institutional Growth, with the goal of attracting Wall Street capital and expanding its institutional business. Mantil was previously a partner at Goldman Sachs and served as global head of the firm’s ETF Accelerator, where she assisted clients in launching investment products. She said she will leverage her experience helping institutions adopt new products and enter new markets to expand the application of prediction markets in investment and risk management strategies. Shayne Coplan, founder and CEO of Polymarket, noted that Mantil’s institutional expertise and industry connections will support the company’s next phase of expansion. Growth in the prediction market space has previously been driven primarily by retail participants in sports-related contracts, and platforms across the sector are now seeking to boost institutional liquidity. Polymarket’s international platform has completed its first block trade; a broker working with early institutional participants said the firm is also in discussions to launch block trades on its U.S. platform and is close to having the relevant capabilities, though Polymarket did not comment on specific progress.