Cartesian Digital Unveils Institutional Prediction Markets Service

Cartesian Digital has launched its Prediction Markets Service for institutional trading firms. The new service offers accounting, investment operations, and reporting support specifically designed for hedge funds, crypto funds, market makers, and proprietary trading groups running event-contract and perpetual-futures strategies.

The growing demand for prediction markets in the institutional mainstream is driven by U.S. regulators' recent framework for event contracts and digital-asset perpetual futures, as well as expanded access to regulated venues.

Cartesian Digital's service 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,' 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. Institutions are already trading these contracts; what they need is an operating partner who can stand up the accounting, operations, and reporting behind them, not another vendor.'