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Foundational guides to prediction markets, perpetual event contracts, OTC hedging strategies, protection swaps, and stablecoin reserve overlays — written for institutional counterparties.
Prediction Markets
What prediction markets are, how they generate probability estimates, the regulatory landscape after FTX and Kalshi, and how institutions use them for hedging.
Read guidePerpetual Event Contracts
How perpetual event contracts differ from fixed-expiry derivatives, how the weekly re-strike to an external index works, and why they suit ongoing risk transfer.
Read guideHedging Strategies
A practitioner's guide to event-contract hedging: tail-risk protection, revenue-correlation hedges, rolling strategies, and portfolio construction principles.
Read guideProtection Swaps
How OTC bilateral protection swaps work, how they differ from insurance and listed options, ISDA master agreement implications, and key-person use cases.
Read guideReserve Overlays
How perpetual OTC overlays let stablecoin reserve managers take commodity and RWA exposure on T-bill reserves — with a payoff floored at 0%, subject to counterparty performance.
Read guideRisk Optimization Fabric
How multilateral PTRRS works under CFTC No-Action Letter 26-20 — compressing redundant positions and reducing tail risk across the network, bilaterally.
Read guideCommunity Bank Hedging
How community banks use bilateral OTC swaps to hedge AFS/HTM duration, CRE concentration, and deposit-cost risk — and free regulatory capital in the process.
Read guideGaming Operator Risk
How sports books, iGaming operators, and casinos hedge jackpot tail risk, promo liability, cashout velocity, and FX exposure through named bilateral contracts.
Read guideInsurer RBC Capital Relief
How insurers, captives, and pension plans release RBC capital and reduce reserve volatility with parametric cat swaps, duration IRS, longevity swaps, and reserve overlays.
Read guideReplace Insurance with Parametric Swaps
How an ECP business can replace parts of its insurance program with parametric swaps — index-triggered protection across catastrophe, weather, energy, FX, and credit.
Read guideEvent-Contract Options
How market makers hedge binary-event inventory with call spreads, D8 probability options, and perpetual legs built from an arb-free risk-neutral density.
Read guideA2A Risk Economy
How your AI agents discover and negotiate bilateral hedges with counterparty agents under your standing mandate — zero human steps within policy.
Read guideSimulacrum Digital Twin
Run every material autonomous action against a simulated copy of your book before it happens in real life — simulate-before-act, approve or reject.
Read guideCapacity Cloud
Bilateral capacity from ECP-verified providers who register standing appetite, matched by a routing optimizer — no RFQ broadcast.
Read guideRisk Oracle
Cross-participant risk intelligence with ε-differential privacy and k≥3 anonymity — know when your hedge is above or below the network without exposing anyone's book.
Read guideSettlement Rails
Programmable payment instructions with SHA-256 proof chains — when a condition is met, Tomorrow instructs the paying party, and every record is independently verifiable.
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