Wintermute expands into prediction market liquidity

Crypto market maker Wintermute is expanding its business into the prediction market sector, The Block reported. Jake Ostrovskis, head of OTC at Wintermute, said that while prediction markets are seeing demand similar to that of large asset classes, their liquidity is still in its early stages. He added that for these platforms to develop into reliable, real-time probability markets, they require continuous two-way liquidity.