Opinion

Susquehanna builds prediction market business

Published Jun 6, 2026Updated 47d ago

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.

Why this matters?

Susquehanna joins DRW, Wintermute, and IMC as dedicated prediction-market market-makers. Any additional quant firm committing balance sheet deepens institutional liquidity and tightens spreads across both Kalshi and Polymarket.

The bigger picture

Joins DRW, Wintermute, and IMC as the fourth quant firm to establish dedicated prediction-market infrastructure, cementing a class of institutional market-makers that now underwrites both CFTC-regulated and on-chain venues.

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