According to ChainCatcher, CJ Hetherington, co-founder and CEO of Limitless, stated that he does not believe the prediction market will be dominated by a single platform; instead, it is more likely to resemble the multi-platform landscape seen in the offshore perpetuals market. He noted that professional market makers and high-frequency traders are the primary contributors to trading volume and fees in derivatives markets, and they typically trade across multiple platforms to exploit arbitrage opportunities, leading to liquidity being distributed across several platforms rather than concentrated in a single winner. Hetherington revealed that Limitless currently has monthly trading volumes approaching $2 billion, with users primarily from the Asia-Pacific region (approximately 60%) and Europe (approximately 30%), and has not yet entered the U.S. market (still awaiting regulatory approval). He believes the institutional and risk-transfer opportunities in prediction markets are roughly ten times larger than those on the retail side, with potential scale far exceeding it.
Limitless CEO Predicts No Single Winner in Prediction Markets, Institutional Opportunities Outweigh Retail
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Summary
Limitless CEO CJ Hetherington said the prediction market won’t have a single winner, with multiple platforms likely to coexist, similar to offshore perpetual contracts. He noted that professional traders and market makers often use several platforms for arbitrage, spreading liquidity. Limitless now sees nearly $2 billion in monthly volume, with 60% from Asia and 30% from Europe. The U.S. market remains untapped due to regulatory delays. Institutional opportunities in price prediction and Bitcoin price prediction are roughly ten times larger than retail, he added.
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