Cartesian Digital Unveils Prediction Markets Service for Institutional Traders
Cartesian Digital has launched its Prediction Markets Service, designed for institutional trading firms to trade event-contract and perpetual-futures strategies.
The service offers accounting, audit/tax support, daily reporting, reconciliation, and around-the-clock investment-operations support. This fills the operational gap for institutions trading prediction markets, which have become increasingly mainstream with regulatory advancements and expanded access to regulated venues.
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.' He added that institutions need an operating partner who can set up the accounting, operations, and reporting behind these contracts.
The Prediction Markets Service aims to provide this support, enabling firms to trade with confidence and scale as their strategies grow. Cartesian Digital is a leading outsourced accounting and investment operations firm serving the digital asset industry.