Crypto VC Paradigm is developing a prediction market terminal: Fortune
Why it matters: Paradigm's entry into prediction markets could significantly boost institutional engagement in a niche crypto sector.
- Paradigm is developing a prediction market terminal, as reported by Fortune.
- Paradigm is also exploring an internal market-making desk and a prediction market index to complement its terminal offering (Fortune, The Block).
- Citadel-backed EDX Markets is applying for a U.S. trust charter to expand its institutional crypto services, according to CoinDesk, highlighting broader institutional interest in diverse crypto offerings.
Crypto venture capital firm Paradigm is reportedly developing a comprehensive prediction market terminal, exploring an internal market-making desk, and a prediction market index, according to Fortune and The Block. This move comes as other institutional players like Citadel-backed EDX Markets are also expanding their crypto services by applying for a U.S. trust charter, as reported by CoinDesk.
