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The PMM allows anyone to make a market on anything without gatekeepers or middlemen.
Permissionless markets need liquidity that doesn’t depend on 3rd party market makers or subsidies.
A groundbreaking new mechanism.
Every market is a parimutuel pool, where players back outcomes and the pool itself sets the odds and pays out.
Outcomes are priced via dynamic curves, with each trade repricing the whole market so that odds never go stale.
The PMM goes to work for you.
Your minimum payout locks in when you enter and can only climb from there, so your downside is fixed while your upside stays open.
Every position doubles as a yield-bearing stake, earning rewards that boost your payout the longer you hold.
Unlocking a new era of prediction markets.
Anyone can launch a market on any topic or niche and earn a share of every trade it generates, turning market creation into recurring revenue.
Over $100 billion sits in DeFi pools with no way into prediction markets; the PMM is the first to let that capital in.
Where parimutuels, order books, and AMMs collapse, the PMM delivers.
| Live from $1 | Trade anytime | Protects early money | Safe passive liquidity | |
|---|---|---|---|---|
| Order book | ||||
| AMM | ||||
| Parimutuel | ||||
| PMM |
Go deeper on the mechanism and the simulations in the full paper.