🧠 Food for thought

Implications, context, and why it matters.

The company’s platform runs on regulated infrastructure, including through an affiliate

• The founding team includes a former head of FTX Europe. He earlier co-founded DigitalAssets.AG, a financial technology company acquired by the FTX Group at a reported US$400 million valuation 1.
• Perpetuals.com says its group includes regulated financial market infrastructure, including a licensed European Multilateral Trading Facility (MTF), a venue where multiple buyers and sellers trade financial instruments. Its affiliate, PM MTF Ltd., operates under a European Union MTF regime. The company also cites the Markets in Financial Instruments Directive II (MiFID II), the Markets in Crypto-Assets regulation (MiCA), the Digital Operational Resilience Act (DORA), and the European Market Infrastructure Regulation (EMIR) for its European operations 2.
• The firm uses only its own capital when BayesShield, its proprietary AI model, judges that a user prediction has a high chance of success. That makes the model a filter for crowd-sourced signals 3.
• The service says users do not need to deposit funds to make predictions. It also offers optional, refundable deposits starting at US$1 to discourage bots and raise payouts 3.

A new business model for paper trading takes shape

• Traditional paper trading is a risk-free learning tool. Users practice with virtual balances, often large ones, to learn how markets work 4.
• UpsideOnly turns that idea from a free broker feature into a business that earns money from user predictions used as trading signals 3.
• The approach tackles one weakness in paper trading. People often feel less invested when no personal money is at risk 5.
• Sharing real profits with users can push more thoughtful predictions. That may give the company’s AI model better data and further blend trading, gaming, and prediction markets 2.