Wintermute Is Now a Market Maker on Both Kalshi and Polymarket — Here's Why That's a Big Deal for Prediction Markets
75d ago · 1 source
Wintermute, one of crypto's largest market makers, is now providing liquidity on both Kalshi and Polymarket, two of the biggest prediction market platforms. This move effectively bridges a regulated U.S. exchange (Kalshi) with a crypto-native decentralized platform (Polymarket), potentially tightening spreads and improving pricing across both venues.
WHY IT MATTERS
Think of prediction markets like betting exchanges where you can wager on real-world events — elections, economic data, sports outcomes. For these markets to work well, they need 'liquidity,' which means there need to be enough buyers and sellers so you can trade quickly at fair prices. A 'market maker' like Wintermute is essentially a middleman that constantly offers to buy and sell, making sure trades happen smoothly — similar to how a currency exchange booth at an airport always has cash ready to swap. By operating on both a traditional regulated platform (Kalshi) and a crypto-based one (Polymarket), Wintermute is helping connect two separate worlds, which should mean better prices and easier trading for everyone using either platform.
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