Wintermute, one of crypto’s largest algorithmic market makers, is now providing liquidity on prediction market platforms. The firm announced on May 29 that it would offer two-sided quotes on event contracts across leading prediction market platforms. For a company that already executes over $5 billion in daily trading volume across more than 50 exchanges, this is less a moonshot and more a calculated expansion into what has become one of crypto’s fastest-growing verticals.
A $60 billion market gets a new heavyweight
Cumulative trading volumes have surpassed $60 billion, with monthly volumes now consistently crossing $20 billion. But volume alone doesn’t make a market efficient. What prediction markets have lacked, particularly for niche event contracts, is deep, reliable liquidity. Two-sided quotes mean Wintermute is posting both buy and sell prices on event contracts simultaneously, which compresses the gap between what buyers want to pay and what sellers want to receive. Tighter spreads mean better prices for everyone else in the market.
Not exactly Wintermute’s first rodeo
This isn’t the firm’s first foray into the prediction space. Back in September 2024, Wintermute launched OutcomeMarket, its own multi-chain prediction platform. The platform debuted with HARRIS and TRUMP tokens tied to US election outcomes.
