TLDR Tech / Crypto
Proof: A New Type of Exchange
Proof is launching Multiverse Markets, a conditional perpetual that prices what an asset is worth in the world where a specific event occurs, not the probability of the event itself. Each contract settles to the underlying perpetual if the event occurs and returns capital if it does not, enabling leverage and cross-margining that binary $0-or-$1 structures on Polymarket and Kalshi cannot support. Target markets include SPY conditional on election outcomes, TSMC conditional on a Taiwan blockade, and BTC conditional on quantum computing advances, addressing the gap where economically significant events have lagged behind short-term speculative markets in prediction market volume.
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