Goldman is 'spending a lot of time' on crypto, prediction markets efforts, CEO Solomon says

Group 1: Core Insights - Goldman Sachs is increasing its focus on crypto-adjacent technologies, particularly tokenization and prediction markets, as stated by CEO David Solomon [1][2] - The firm has a dedicated team working on how these technologies can enhance Goldman's trading and advisory operations [2] - Solomon has engaged with prediction market platforms, indicating potential collaboration with CFTC-regulated entities [3][4] Group 2: Regulatory Engagement - Goldman Sachs is actively discussing the Digital Asset Market Clarity Act with policymakers, highlighting the importance of regulatory frameworks for the firm's strategy [4][5] - The Clarity Act is a contentious bill that has caused friction between banks and the cryptocurrency industry, particularly regarding stablecoin offerings [5] - Solomon acknowledges that while there is significant interest in these technologies, the pace of adoption may be slower than anticipated [6]