The world's first "prediction market bond" has just been officially launched.
Compared to the exciting binary prediction, the highlight is "never losing money."
For example, predicting Nvidia's market capitalization: if correct, earn above-market interest; if wrong, lose interest but retain principal.
Marex, as the issuer, can use funds for arbitrage on platforms like Polymarket.
The securitization of prediction logic is paving the way for compliant traditional large-scale capital entry.
This is essentially a "reverse RWA." It's no longer just putting US Treasury bonds on the blockchain, but packaging on-chain "prediction odds" into compliant offline debt. It offers a sense of exhilaration, like a serf becoming the master.