Prediction market — order-matching engine.
- Solution
- Scale
- Industry
- Prediction Markets
- Effort
- 3 FTEon average
- Together for
- 3 yearssince 2023
- Status
- Active
01 · The client
A company that built a market where people take positions on future events, aimed at a professional audience. A new product, in a category that's only existed for a few years.
- Type
- Fintech startup
- Region
- Europe
- People
- Under 20
- Stage
- New product
02 · The trigger
They had the business model and no one who knew how to build the machine that runs it.
There are no specialized vendors to turn to in this category: the few who've built one built it for themselves.
03 · The technical problem
Orders that have to be processed in the exact sequence they arrive, in milliseconds, while each one's exposure calculation changes at the very moment it's being computed. All of it with a load that sits nearly idle for days and then all arrives in the final minutes before an event closes.
04 · What we did
We built the order-matching engine and the exposure and fee logic, with full tracking of every operation: months later, it must be possible to reconstruct why something happened the way it did. And we changed how we worked together along the way. The initial scope had been defined as if anyone knew what to build, but in a category with no precedent that precision is a fiction: decisions get made as the problem is discovered. We moved to a model where you agree on the commitment, not the list, and it was better for both sides.
05 · Where things stand now
Project ongoing.
Lane: Scale · Vertical: Prediction Markets
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