MEXC has launched Combo, a brand new prediction market product that enables customers to mix as much as 20 occasion outcomes right into a single place.
In contrast to 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 relatively than opening separate positions for every prediction.
For instance, a consumer might mix a prediction on a World Cup match consequence with a cryptocurrency worth goal and settle each inside the identical commerce.
The commerce pays out provided that all chosen predictions show right, whereas a single incorrect consequence ends in no payout.
Most prediction market platforms at this time give attention to 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 approach to specific 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 searching for to compete with specialised operators corresponding to Kalshi and Polymarket.
Institutional Liquidity Suppliers Energy the Pricing Mannequin
In contrast to conventional prediction markets, Combo positions will not be matched instantly between retail customers. As an alternative, MEXC depends on third-party institutional liquidity suppliers to help buying and selling and execution.
The pricing mannequin additionally differs from that utilized by most prediction market platforms. In accordance with MEXC, Combo operates by an impartial request-for-quote (RFQ) mechanism relatively than counting on order book-based provide and demand.
Whereas pricing is knowledgeable by the chances implied by the underlying prediction markets, MEXC mentioned the ultimate quote additionally takes into consideration components corresponding to portfolio threat throughout a number of occasions and out there liquidity.
“Conventional prediction market platforms are primarily priced by order book-based provide and demand,” Usi mentioned. “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 answerable 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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