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Cryptocurrency trade platform Crypto.com is seeking to increase into prediction markets and has began recruiting for an inside market making crew for its platform.
In response to a Dec. 23 Bloomberg report, the trade is in search of somebody who will assist purchase and promote contracts which are tied to the outcomes of sporting occasions on Crypto.com’s predictions market platform.
The report added that the individual would actively commerce in opposition to buyer orders to assist liquidity throughout sports activities contracts and different derivatives which are provided on the corporate’s US platform.
Crypto.com Market Making Crew Gained’t Have Entry To Proprietary Information
The prediction markets crew will function much like how such groups function on crypto exchanges or on conventional finance platforms. These market makers actively attempt to match open orders in a platform’s order books to assist them be stuffed faster.
A spokesperson highlighted the advantages of Crypto.com’s inside buying and selling crew in a latest assertion, and mentioned that it’s going to introduce “extra competitors and liquidity on the platform,” in addition to “create a greater total expertise.”
Whereas the brand new crew may enhance liquidity on Crypto.com’s prediction markets platform, the construction does begin to resemble a conventional sportsbook that income from buyer losses.
The spokesperson addressed issues that an inside market making crew can have entry to info earlier than the remainder of the market. They mentioned that “no market market at Crypto.com will get a ‘first look,’ and our inside market maker doesn’t have entry to proprietary knowledge or buyer order circulation earlier than different market makers or members.”
The spokesperson added that Crypto.com doesn’t depend on proprietary buying and selling as a income supply.
“We have now a easy enterprise mannequin offering our retail clients entry to digital property for a price, whereas staying danger impartial,” they mentioned.
Crypto.com Not The First Prediction Markets Platform To Contemplate Market Making
Different gamers within the prediction markets house additionally use skilled buying and selling corporations or devoted liquidity suppliers to facilitate exercise on their platform.
Kalshi, which is likely one of the largest platforms within the house and operates a federally regulated event-contracts trade, depends on designated market makers as a substitute of relying solely on a peer-to-peer order guide.
It was reported {that a} quantitative buying and selling firm known as Susquehanna Worldwide Group has supplied Kalshi with market-making companies since 2024.
In the meantime, decentralized prediction markets platform Polymarket has reportedly additionally began constructing an inside market-making crew. This transfer has raised eyebrows, with critics saying that it ships away at Polymarket’s edge as a decentralized platform.
Prediction Markets Volumes Have Been In A Robust Uptrend
Prediction markets are platforms that allow customers guess on the outcomes of quite a lot of real-world occasions starting from politics to sports activities.
Prediction markets volumes (Supply: Token Terminal)
Prior to now few months, volumes on these platforms have soared, knowledge from Token Terminal reveals.
That surge began in September, when volumes jumped from about $1.397 billion in August to $3.641 billion in September. This rise in exercise continued within the months that adopted, with volumes reaching over $8 billion in November.
The rising recognition of prediction markets has prompted a number of corporations to increase into the house. Amongst them are crypto exchanges Coinbase and Gemini, who’re each working in the direction of creating their very own “every part” apps.
First we introduced prediction markets on Coinbase.
Now we’re bringing within the specialised expertise to take our plans to the following stage.
Welcome to Coinbase, @theclearingco. pic.twitter.com/KfRZSp9w9j
— Coinbase 🛡️ (@coinbase) December 22, 2025
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