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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.

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Perpetual Event Contracts

How perpetual event contracts differ from fixed-expiry derivatives, the funding rate mechanism, and why they are better suited for ongoing risk transfer.

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Hedging Strategies

A practitioner's guide to event-contract hedging: tail-risk protection, revenue-correlation hedges, rolling strategies, and portfolio construction principles.

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Protection Swaps

How OTC bilateral protection swaps work, how they differ from insurance and listed options, ISDA master agreement implications, and key-person use cases.

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Reserve Overlays

How perpetual OTC overlays let stablecoin reserve managers earn commodity and RWA upside on T-bill reserves — with a structural floor and GENIUS Act compatibility.

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