in 1867, a parisian perfume shop owner built a betting system so good france nationalized it
150 years later, @meleemarkets just evolved it into something no prediction market has ever had
here’s how the PMM works. 🧵
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CLOBS are failing prediction markets
on polymarket and kalshi, the long tail market doesn't exist because the market makers can't/won't provide liquidity for them
which is why polymarket and kalshi both concentrate activity in a handful of flagship categories;
most of their thousands of listed markets stay dormant or low-volume.
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