finance
Wintermute Begins Quoting Markets on Event Contracts
Wintermute, a London-based trading firm handling over $3.5 trillion in annual volume, announced it will provide liquidity on event contracts. The move follows growth in prediction market volume to $60 billion this year.
May 29, 11:38 AM·1m read1 source
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Wintermute said it is now quoting two-sided markets on event contracts at leading venues that together process more than $20 billion per month. 5 trillion in annual trading volume across more than 70 exchanges.
Prediction markets expanded from a niche tool into a $60 billion sector this year, according to the report. Much of the recent volume increase has been linked to geopolitical events. Polymarket recorded a single-day volume of $478 million on Feb. 28, with politics-related contracts accounting for $220 million of that total.
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