Here's the thing: As much as I appreciate product innovation, trading events is a dead end. I've tried various platforms for retail and institutionals over the last 20 years and there were many...offshore, regulated, US, EU, you name it. There is even an crypto event trading platform right now.
The most important use case for derivatives is hedging. That's what drives paper and basically feeds every market maker and speculator.
Economic events, however, do not affect the outcome directly, so they cannot be used for hedging anything.
Let's say the inflation numbers change...or mortage rates go higher or lower, Biden approval rating, yada, yada, yada. These are important economic indicators but how can you hedge your very own mortage rate when it is much more influenced by your credit score, income, location of your property, etc. ?
And what do you hedge with Bidens approval rating?
So what event betting platforms create is nothing but a casino for arugula and white whine gamblers who consider themselves to be too sophisticated to bet on a simple baseball match.
So I'm asking myself why I would spend time and resources to make markets for a betting parlor that limits position size to 7 digits when I can provide liquidity in financial futures where you can support a 100M inventory with 100k margin and massively scale an edge.
I'm not trying to sound like an ass here and I really whish you all the success you can get. But from a risk/effort - reward perspective, event markets are simply not worth it.
If you want to improve, offer credit default swaps for the public (if that is allowed by regulators). There will be paper/real world use for a CDS on Coinbase
