Raven secures $90M funding for prediction-markets infrastructure
HFT and market-making firm Raven raised capital at $90M pre-money valuation from CMCC Global and Coinbase Ventures to expand prediction-markets liquidity provision across centralized and decentralized venues.
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What happened
Raven, an existing market maker on major CeFi and DeFi exchanges, closed a funding round at $90M pre-money valuation led by CMCC Global and Coinbase Ventures. The capital targets expansion of its prediction-markets liquidity business.
Why it matters
Prediction markets are experiencing rapid growth but face infrastructure constraints. Raven's expansion as a dedicated liquidity provider addresses a structural gap: deeper order books and tighter spreads reduce friction for traders and improve price discovery, which can accelerate adoption and trading volumes in the sector.
Market transmission
First-order: improved liquidity in prediction markets lowers transaction costs and widens participation, increasing trading volume and fee capture for venues. Second-order: better infrastructure attracts institutional capital and retail flow to prediction markets, potentially shifting volumes from traditional derivatives and betting platforms; success validates the prediction-markets thesis and may trigger competitive funding rounds and platform launches.
What to watch
Monitor Raven's market-share gains in prediction-market liquidity (order-book depth, spreads, volume share); track whether major prediction-market platforms (Polymarket, others) report volume or user growth acceleration; watch for follow-on funding or M&A in prediction-markets infrastructure.
Source:BeInCrypto
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