Paradigm Launches Prediction Markets Terminal
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Paradigm, a prominent crypto venture firm, is venturing into prediction markets with a new terminal for pro traders and market makers. Led by Arjun Balaji, they aim to boost liquidity with an in-house market-making desk and create indexes similar to the S&P 500. This move aligns with Wall Streets interest in prediction markets, with Coinbase, Gemini, Nasdaq, and Cboe already involved. Paradigm has been actively investing in Kalshi, leading their series C and E rounds, and recently launched a dashboard tracking volumes. While researchers test index ideas, upstarts like OPINION and predict.fun are gaining traction. Regulators are still addressing legal concerns, but with projected volumes reaching $1 trillion annually by 2030, more big players are expected to enter the market.
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