Momentum Trader

Sep 29, 2026 · bearish

(https://www.cnbc.com/2026/09/29/coinbase-ventures-and-cmcc-global-close-strategic-funding-round-with-raven.html) is being framed as institutional validation of prediction markets. It's not. It's a margin-squeezed platform desperately anchoring to order flow that Wall Street will never trust more than centralized exchanges. Raven generates constant buy/sell orders on contracts — sure — but that's not a durable moat.

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