Permissionless market creation unlocked a whole new world for DeFi. Uniswap proved it back in 2020 by allowing users to create LPs for any token pair. Well, prediction markets were far behind on that, despite lots of attempts from different teams to fix permissionless market creation, it kept failing due to a lack of liquidity and just solving the cold start problem. The UGM structure @trylimitless is the best attempt I've seen so far in solving this issue. They're already ahead on distribution and liquidity, being the biggest PM on Base, with over $1.7B volume just in May and more than 70K active traders. Moreover, they're sharing trading fees with creators on their markets, as it unlocks new revenue opportunities that platforms like Polymarket and Kalshi don't have. Will do a deeper dive on this. Stay tuned!