MEXC has launched Combo, a brand new prediction market product that permits customers to mix as much as 20 occasion outcomes right into a single place.
Not like conventional prediction market contracts that depend on order-book pricing, Combo makes use of quotes offered 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
Accessible initially for sports activities and chosen cryptocurrency markets, the product lets merchants construct a single contract round a number of occasions reasonably than opening separate positions for every prediction.
For instance, a consumer may mix a prediction on a World Cup match final result with a cryptocurrency value goal and settle each throughout the similar commerce.
The commerce pays out provided that all chosen predictions show right, whereas a single incorrect final result ends in no payout.
Most prediction market platforms in the present day deal with 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 strategy to specific broader views throughout a number of occasions and asset courses.
The alternate 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
Not like conventional prediction markets, Combo positions aren’t matched immediately between retail customers. As an alternative, MEXC depends on third-party institutional liquidity suppliers to assist buying and selling and execution.
The pricing mannequin additionally differs from that utilized by most prediction market platforms. In response to MEXC, Combo operates by an unbiased request-for-quote (RFQ) mechanism reasonably 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 under consideration elements corresponding to portfolio threat throughout a number of occasions and accessible 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 bundle 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 liable for pricing and market-making features throughout the prediction market ecosystem.
This text was written by Tanya Chepkova at www.financemagnates.com.
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