Next Gen Prediction Markets w/ Ivo Crnkovic-Rubsamen

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. Subscribe to the newsletter! https://newsletter.blockspacemedia.com 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 Learn more about your ad choices. Visit megaphone.fm/adchoices