Cartesian Digital Launches Prediction Markets Service for Institutional Traders
Cartesian Digital has launched its Prediction Markets Service for institutional trading firms. The service provides accounting, investment operations, and reporting support for hedge funds, crypto funds, market makers, and proprietary trading groups running event-contract and perpetual-futures strategies.
The company's Prediction Markets Service is designed to close the operational gap in the prediction markets space. It spans accounting, audit/tax support, daily reporting and reconciliation, and around-the-clock investment-operations support delivered through the firm's follow-the-sun support model for 24/5 coverage.
'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,' said Frank Napolitani, Founder and Managing Partner of Cartesian Digital. 'Prediction markets extend that same machinery from the price of an asset to the outcome of an event.'
The launch comes as demand for operational support grows among institutional trading firms. With U.S. regulators advancing a framework for event contracts and digital-asset perpetual futures, regulated venues have expanded access, leading professional trading firms to express macroeconomic, political, weather, sports, and other event views through these instruments.