Cartesian Digital Launches Institutional Prediction Markets Service
Cartesian Digital has launched its Prediction Markets Service for institutional trading firms. This service is designed to support hedge funds, crypto funds, market makers, and proprietary trading groups with accounting, investment operations, and reporting required for event-contract and perpetual-futures strategies.
The launch comes as prediction markets have gained traction among institutional investors. According to Frank Napolitani, Founder and Managing Partner of Cartesian Digital, 'markets have always been prediction engines - a futures or options contract is simply a priced view on where an asset will trade in the future.'
The Prediction Markets Service includes accounting, audit/tax support, daily reporting and reconciliation; and around-the-clock investment-operations support delivered through Cartesian Digital's follow-the-sun support model for 24/5 coverage.