AMCrypto

We just launched gold and silver perpetuals in the US. And commodity derivatives are now our fastest-growing product. Markets started with grain and metals, expanded into rates, indices, and other financial assets, and are now expanding into information itself, pricing not just assets but outcomes about the future. Prediction markets ask questions with defined resolution: What will GDP be this quarter? Who will win tonight? Perps ask continuous questions, with no expiration: Where is gold going? Prediction markets, traditional futures, and perps are built on the same idea: match buyers and sellers, let them compete in an open market, and discover a price. Traders bring different information and beliefs, and that competition produces a price the rest of us can use as a signal. It’s part of a centuries long evolution toward markets as a general-purpose technology for pricing and managing uncertainty. Prediction markets are one frontier of this evolution. Commodity perps are another.