Wintermute Expands Institutional Trading to Prediction Markets

Wintermute has announced its expansion into prediction markets by extending its institutional trading services. According to Odaily, the company plans to provide two-way market liquidity for event contracts on major platforms. This initiative aims to reduce spreads, support larger trades, and enhance the reliability of market-implied probabilities. Jake Ostrovskis, Wintermute's Head of OTC Trading, noted that prediction markets exhibit data characteristics similar to major asset classes, though liquidity is still in its early stages. He emphasized that ongoing two-way liquidity can narrow spreads and support higher trading volumes, thereby improving the signals embedded in market prices.