**[Wintermute Expands into Prediction Market Making, Extends Liquidity to Event Contracts]** Odaily Planet Daily News – Quantitative market maker Wintermute has announced its entry into the prediction market sector, providing bidirectional liquidity services for several major event contract platforms. This marks the formal expansion of its trading infrastructure into the emerging market at the intersection of crypto and traditional assets. According to the company, it has been consistently offering buy and sell quotes on multiple "leading platforms," with the combined monthly trading volume of these prediction markets exceeding $20 billion this year. This indicates rapid growth in the sector, though it remains in the early stages of liquidity development. Wintermute, with an annual trading volume exceeding $3.5 trillion, further strengthens its cross-asset market-making capabilities with this expansion. Jake Ostrovskis, the company's Head of OTC Trading, stated that prediction markets exhibit demand structures similar to traditional major asset classes but still lack sufficient liquidity. Continuous bidirectional quoting is needed to improve price discovery efficiency and trading depth. He noted that tighter spreads and greater transaction capacity will enhance the quality of market probability signals. In the industry, institutions such as Jump Trading and Galaxy Digital have also entered this space, with some platforms like Polymarket and Kalshi achieving cumulative trading volumes exceeding $150 billion. Analysts believe that Wintermute's entry will further drive the integration of prediction markets with crypto infrastructure. Particularly in areas such as stablecoin settlement, on-chain clearing, and risk management systems, these markets are gradually approaching an institutional-grade development structure akin to derivatives. (The Block)