Prediction markets are getting their own prime brokerage. River Markets, a YC-backed startup building execution and clearing infrastructure for these platforms, has raised $8.5M in seed funding.
The round is backed by Haun Ventures, Y Combinator, Coinbase Ventures, and Qube Research Technologies. The company focuses on the institutional plumbing of prediction markets-handling the trading, settlement, and risk management that sits beneath the surface of these increasingly popular venues.
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