Morgan Stanley will serve as a strategic partner at the NEXTPredict Summit, held in New York from October 22-23, and will lead a panel discussion on institutional capital in prediction markets on the second day. Pierre Lindh, co-founder and managing director of NEXT.io, stated that this is the first bank to publicly participate in such an initiative. Previously, JPMorgan Chase and Goldman Sachs had expressed interest in prediction markets, but little concrete progress was made.