MEXC has launched Combo, a brand new prediction market product that permits customers to mix as much as 20 occasion outcomes right into a single place.
Not like conventional prediction market contracts that depend on order-book pricing, Combo makes use of quotes supplied by institutional liquidity companions, introducing an RFQ-style mannequin for multi-event prediction buying and selling.
MEXC Brings Multi-Occasion Buying and selling to Prediction Markets
Out there initially for sports activities and chosen cryptocurrency markets, the product lets merchants construct a single contract round a number of occasions somewhat than opening separate positions for every prediction.
For instance, a consumer might mix a prediction on a World Cup match consequence with a cryptocurrency value goal and settle each inside the similar commerce.
The commerce pays out provided that all chosen predictions show appropriate, whereas a single incorrect consequence ends in no payout.
Most prediction market platforms at this time deal with particular person occasion contracts.
Combo permits customers to mix a number of outcomes throughout sports activities and crypto markets right into a single place, giving merchants a method to categorical broader views throughout a number of occasions and asset lessons.
The trade entered the sector with a zero-fee prediction market platform, becoming a member of a rising variety of buying and selling venues in search of to compete with specialised operators reminiscent of Kalshi and Polymarket.
Institutional Liquidity Suppliers Energy the Pricing Mannequin
Not like conventional prediction markets, Combo positions will not be matched immediately between retail customers. As an alternative, MEXC depends on third-party institutional liquidity suppliers to assist buying and selling and execution.
The pricing mannequin additionally differs from that utilized by most prediction market platforms. In response to MEXC, Combo operates by an impartial request-for-quote (RFQ) mechanism somewhat than counting on order book-based provide and demand.
Whereas pricing is knowledgeable by the chances implied by the underlying prediction markets, MEXC stated the ultimate quote additionally takes into consideration elements reminiscent of portfolio danger throughout a number of occasions and out there liquidity.
“Conventional prediction market platforms are primarily priced by order book-based provide and demand,” Usi stated. “In distinction, Combo permits customers to mix a number of occasion outcomes right into a single package deal and depends on institutional citation mechanisms.”
MEXC didn’t disclose the identities of the liquidity suppliers supporting the product, describing them solely as skilled quantitative buying and selling and liquidity establishments chargeable for pricing and market-making capabilities inside the prediction market ecosystem.
This text was written by Tanya Chepkova at www.financemagnates.com.
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