A New Market for Risk.

Real-world uncertainty creates risk. Susquehanna Predictions brings market-making experience, quantitative research, technology, capital, and live trading judgment to regulated prediction markets and other event-driven risk-transfer solutions.

We provide liquidity, price complex exposures, and work with exchanges, brokers, and institutions to create new ways to trade and transfer risk.

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What are prediction markets?

Turning Uncertainty Into a Tradable Market

Prediction markets create contracts tied to clearly defined real-world outcomes. As information changes, participants trade their views and prices adjust, providing a live view of market expectations, and creating new ways to trade or transfer event-driven risk.

  1. 1

    Define the outcome

    A contract is created around a clearly defined, real-world outcome.

  2. 2

    Trade the contract

    Participants buy and sell based on their view as new information enters the market.

  3. 3

    Settle against the result

    Once the outcome is known, the contract settles based on the final result.

History of Prediction Markets

A Market Idea With a Long History.
A New Institutional Opportunity.

Markets tied to future outcomes have existed for generations. What is changing now is the regulated infrastructure, technology, distribution, and institutional participation surrounding them. Those changes are creating a broader opportunity for liquidity, price discovery, and real-world risk transfer.

  1. Pre-1900s

    Early Prediction Markets

    Markets tied to future outcomes have existed for hundreds of years.

  2. Mid-1900s

    Research & Academic Markets

    Prediction markets gained traction as tools for forecasting and information discovery.

  3. 2000s

    Regulated Event-Contract Venues

    New infrastructure and regulated venues created more formal, accessible markets.

  4. Present Day

    Growing Institutional Participation

    Institutional participation is expanding opportunities for liquidity, price discovery, and risk transfer.

Why market makers matter

Liquidity Turns a Contract Into a Market.

Markets work when participants can trade at the time and size they need. Market-makers continuously evaluate risk, quote prices, commit capital, and respond as new information emerges. By connecting participants across time and size, market makers support more consistent liquidity, effective price discovery, and execution.

Why Susquehanna

Decades of Market-Making Experience Applied to
Prediction Markets.

Susquehanna Predictions was the first institutional market maker to establish a dedicated prediction markets desk and is the largest market maker in the space. We bring together capabilities developed across decades of market-making: quantitative research, proprietary technology, live trading expertise, disciplined risk management, and capital committed to the market.

Our approach combines models, information, and trading judgment to evaluate uncertainty, price risk, and provide liquidity as markets evolve.

  • Market-making experience
  • Quantitative research
  • Technology and data
  • Capital and underwriting
  • Live trading judgment

For institutions

Solutions for Complex, Event-Driven Risk.

Susquehanna Predictions works with regulated exchanges, FCMs, brokerages, banks, insurers, corporates, and other institutional partners. We provide two-sided markets and block-size liquidity, price complex exposures, and support the development of new risk-transfer solutions and client offerings.

Focus Areas

  • Liquidity and block execution

    Providing two-sided markets and liquidity for larger or more complex positions.

  • Customized risk transfer

    Structuring solutions around specific event-driven risks and exposures.

  • Market education

    Helping institutions understand prediction markets, pricing, and potential applications.

  • Product development

    Supporting the development of new markets, risk-transfer solutions, and client offerings.

Insights and media

Latest from
Susquehanna
Predictions

Inside Susquehanna Predictions

Our Approach to an Evolving Market.

Prediction markets bring real-world events into tradable markets, creating opportunities to price uncertainty across an increasingly broad range of outcomes. Building these markets requires liquidity, disciplined risk management, and the ability to respond as new information emerges.

Hear from the team at Susquehanna Predictions about what makes prediction markets unique, the opportunities ahead, and our role in helping shape what comes next.

Put Your Market
Instincts to the Test.

Predictions Cup is a free to enter global simulated trading competition for students, with a $30,000 cash prize for the first-place finisher. Each tournament opens a set of markets on major events, including elections, earnings, sports, and culture. Participants take positions on real-world outcomes, and the market decides who was right.

Eligibility and rules apply.

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Learn More REGISTER NOW
Go to Predictions Cup