London, 29 May 2026 – Wintermute, an algorithmic trading firm and OTC desk with over $3.5 trillion in annual trading volume, today confirmed it is providing liquidity on prediction markets, extending the institutional-grade trading infrastructure it operates across 70+ exchanges into one of the fastest-growing segments in financial markets.
The firm is quoting two-sided markets across event contracts on leading venues, which collectively see more than $20 billion per month in trading volume, as of early 2026.
“Prediction markets have the demand profile of a major asset class but the liquidity profile of an early-stage one,” said Jake Ostrovskis, Head of OTC Trading at Wintermute. “For these markets to become a reliable real-time source of probability estimates, they need sustained two-sided liquidity. That depth tightens spreads, supports larger trade sizes, and in turn improves the signal embedded in market prices. That is where Wintermute can add value.”
Wintermute’s entry comes as prediction markets move from a niche forecasting tool into a broader venue for trading event risk. The firm is providing liquidity by posting continuous bid and offer prices across event contracts, helping reduce spreads, support larger trade sizes and improve the reliability of market-implied probabilities.
Wintermute sees the segment as significant because event contracts price real-world uncertainty directly, rather than through proxies such as equities, rates, currencies or crypto assets. For investors and institutions exposed to specific catalysts, from policy decisions to economic data releases, prediction markets can offer a more targeted way to express or hedge a view.
The market also overlaps with Wintermute’s existing expertise in digital-asset infrastructure. Several prediction market venues use stablecoins, public blockchains or crypto-native settlement systems, creating execution, custody, collateral and risk-management requirements similar to those Wintermute Group already manages across spot, derivatives, DeFi, and OTC crypto markets.
About Wintermute Group
Wintermute is a global algorithmic trading firm, leading OTC desk, and liquidity provider in digital assets. With over $10 billion in average daily trading volume, it provides liquidity across 70+ centralized and decentralized exchanges and is a key partner to token projects seeking deep, scalable liquidity. Wintermute's proprietary trading infrastructure allows it to operate across the entire digital asset ecosystem, making it the preferred counterparty for a broad range of players, including some of the world's largest traditional financial institutions. Building is central to Wintermute's DNA, with the company incubating new protocols, some of which have grown into independent businesses.
For queries on Wintermute’s activities on prediction markets, please contact: Jake Ostrovskis, Head of OTC Trading, jake.ostrovskis@wintermute.com
Disclaimer: This material is for informational purposes only, does not constitute an offer or solicitation and is only intended for sophisticated or institutional investors. Prediction markets and event contracts are regulated financial instruments in various jurisdictions, and may be subject to specific local legal requirements or restrictions. These contracts might not be available to residents in certain jurisdictions. The information on this website is not directed at nor intended for distribution to, or use by, any person resident in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
“Wintermute” is a marketing name for Wintermute Trading Ltd and its affiliates. Different Wintermute entities trade different products. Wintermute trades for its own account and with assets (including digital assets) that belong to it. Wintermute does not engage in the management, custody or holding of any assets, including cryptoassets or fiat currency, on behalf of investors or customers.
No communication, whether verbal or written, by Wintermute or by any persons on behalf of Wintermute is intended to, or shall be construed as or deemed to, establish a customer relationship with or a provision of services by Wintermute. Any references to market making, market maker, liquidity provisioning or similar terms on this website or otherwise in connection with our activities do not refer to liquidity provisioning services, market making services or any other regulated activities which may be referred to using the same, or similar name, by any regulatory or self regulatory organizations.
