Wintermute enters the prediction market, offering bilateral liquidity to narrow the spread

On June 1st, according to Cointelegraph, crypto liquidity provider Wintermute announced its entry into the prediction market sector, offering bilateral market liquidity for prediction contracts on leading platforms. Jake Ostrovskis, Head of OTC Trading at Wintermute, stated that prediction markets exhibit demand characteristics of major asset classes, but liquidity is still in its early stages and requires continuous bilateral liquidity to narrow spreads, support larger trade sizes, and improve the reliability of implied market probabilities. Wintermute currently has an annual trading volume of $3.5 trillion and manages spot, derivatives, DeFi, and OTC crypto markets.