The Gwart Show | Blockspace Media

Next Gen Prediction Markets w/ Ivo Crnkovic-Rubsamen


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Ivo Crnkovic-Rubsamen, Co-Founder of Pascal Trading joins us to talk about building the next generation of prediction markets. Ivo shares insights from his time at Bridgewater, D.E. Shaw, and dYdX, explaining how Pascal is solving major capital efficiency issues in DeFi. We dive deep into oracle-free price discovery, order book design, and how to scale robust leverage extension outside the core matching loop to protect trading venues.

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Notes:
* Ivo worked as a quant at Bridgewater and D.E. Shaw.
* Joined dYdX in late 2021 as an early trader.
* Focuses on robust leverage outside matching loop.
* Enables price discovery for oracle-free assets.
Timestamps:
00:00 Start
00:24 Ivo's background
02:27 Pascal design
05:08 Traders as target audience
07:05 Polymarket & nonces
13:30 Building order management system
14:25 testing the markets
21:18 Prediction markets
31:58 "Insider trading"
36:50 Wall St. & sports betting
44:55 Prediction markets as insurnace
50:43 Removing "house edge" & fees
58:17 Markets on Pascal


The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the

most efficient on-chain markets. Their orderbook and Prop AMM products
have delivered price improvement to hundreds of billions of dollars in
retail volume. Now, they are bringing their expertise to build Phoenix,
the best on-chain perpetuals platform.
Ellipsis Labs is hiring New York-based engineers. If you're an engineer
looking to work with a proven team in making DeFi better, go to
ellipsislabs.xyz/careers

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