Susquehanna builds prediction market business

Susquehanna is building a prediction markets business, Bloomberg reported Friday, June 6. The move aims to create an asset class for bets on anything, according to a Bloomberg video feature and an Odd Lots podcast episode in which Susquehanna discussed its entry. The conversations address whether prediction markets, which now cover a wide range of events, can continue to expand beyond their current scale, though significant questions around the sector remain. Susquehanna's public discussion signals market-making desks now treat prediction markets as a standard macro trading vertical worth explaining to institutional audiences.