#预测市场 Crypto.com's move to recruit quantitative traders this time is quite interesting, as it directly exposes the trading logic behind prediction markets. As a newcomer in the sports prediction market sector, it has already begun to require professional market-making teams to provide liquidity—essentially engaging in reverse trading with retail investors, leveraging information and algorithmic advantages to profit.

From the perspective of on-chain capital flows, prediction markets are still in the early stages, but the entry of large institutions is worth contemplating. Once enough professional teams get involved in market-making, the market's microstructure will undergo significant changes: increased liquidity, narrower spreads, but at the same time, the efficiency of "eating" retail investors will also rise. This is not a bad thing; on the contrary, it indicates that the sector is evolving toward a more mature stage.

The key is to observe the subsequent expansion speed and participation depth of such market-making teams. If a platform of Crypto.com's scale needs quantitative traders to stabilize the market, it clearly means that prediction markets are far from reaching natural equilibrium. For investment research, this is a signal—either the liquidity is not deep enough to enter now, or it is preparing for larger-scale capital inflows.