Paradigm mulls prediction market entry with trading terminal, market making desk: Fortune
The Block
Paradigm is reportedly developing a specialized trading terminal and market-making desk to expand its presence in the growing prediction markets sector.Summary
Venture firm Paradigm is reportedly developing a dedicated trading terminal for prediction markets, led by partner Arjun Balaji. The firm is also considering the creation of an internal market-making desk to support these markets and related indices. Paradigm is a significant investor in Kalshi, a major U.S. prediction market provider, and founder Matt Huang has identified the sector as a trillion-dollar opportunity. This move comes as competition in the prediction market space intensifies with the entry of major crypto exchanges and traditional gambling firms, despite ongoing regulatory and legal challenges at the state level.
(Source：The Block)