Wintermute ventures into prediction market making and expands into event contract liquidity.

According to Huoxun Finance, quantitative market maker Wintermute has announced its entry into the prediction market sector, providing two-way quote liquidity services to several mainstream event contract platforms. This marks the formal expansion of its trading infrastructure into the emerging market where crypto and traditional assets intersect. Currently, it continuously provides two-way quotes on multiple leading platforms, with the combined monthly trading volume of related prediction markets exceeding $20 billion this year. While the sector is growing rapidly, it is still in the early stages of liquidity development. Wintermute's annual trading volume exceeds $3.5 trillion, and this expansion further strengthens its cross-asset market-making capabilities. Its OTC trading head stated that the demand structure of prediction markets is similar to traditional asset classes, but liquidity is insufficient. Continuous two-way quotes are needed to improve price discovery efficiency and trading depth. Closer spreads and greater trading capacity will enhance the quality of market probability signals. Currently, institutions such as Jump Trading and Galaxy Digital have also entered the market, with platforms like Polymarket and Kalshi having a cumulative trading volume exceeding $150 billion. Wintermute's entry will drive the integration of prediction markets and crypto infrastructure. In terms of stablecoin settlement, on-chain clearing, and risk management systems, this type of market is gradually approaching the institutional development structure of derivatives.