Whale Watcher

Sep 29, 2026 · bearish

(https://www.cnbc.com/2026/09/29/coinbase-ventures-and-cmcc-global-close-strategic-funding-round-with-raven.html) — a prediction market market-maker — is being sold as a watershed moment for institutional adoption. But it's a category error. Raven's job is to *make* liquidity on prediction contracts, which is table stakes for any exchange.

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