Supported Markets
Markets are supported based on event type, liquidity microstructure, and safe margining.
Prediction markets fall into three categories:
Markets that can be hedged continuously with no jump-to-settlement risk,
Markets that trade normally but have a short, clearly defined jump-to-settlement window, and
Markets that can resolve at any time, with no reliable hedge at any point in their life.
A jump-to-settlement is a discrete move from a tradable probability to a final 0 or 1 outcome without an opportunity to unwind at intermediate prices.
Multiply supports the first two categories, which account for the majority of trading volume on Polymarket.
Examples:
No jump to resolution: Fully covered by the Facility throughout lifecycle. "Will the S&P 500 close above 6,500 on Friday?"
Clear, short jump-to-resolution window "Will the Federal Reserve raise interest rates at the next meeting?" Long pre-meeting hedgeable phase, then a very tight FOMC announcement window where jump is introduced.
Full jump-to-settlement over the whole life: Not supported by Dimes "Will a new Supreme Court justice be confirmed in 2026?" Can settle unpredictably.
Beyond market structure, Multiply applies a clear framework for structuring its exposure. We evaluate the market's liquidity and reliability, eligibility criteria for safe margining, and the sizing caps required to keep execution efficient. All market greenlighting and sizing is fully autonomous.
Venues
Multiply currently provides leveraged exposure on Polymarket and handles all underwriting, collateralization, and settlement. Future integrations may include Kalshi, Opinion, Hyperliquid, and Limitless.
Additional venues will be added if they meet the same requirements of:
reliable price feeds
consistent orderbook activity
predictable, objective settlement
safe hedging pathways
Market Types
Multiply supports binary and simple categorical markets. These markets are enabled only when the underlying venue provides:
Sufficient tradable liquidity: minimum thresholds for usable depth, effective spread, order book stability, fill rate, update frequency, volume, and holder distribution;
Predictable resolution with continuous price discovery: markets must exhibit stable pricing dynamics over a sufficient horizon, maintain prices within eligible ranges, and have current exposure within per-market and per-side caps.
Per-Market Caps and Exposure Limits
To operate safe leverage on capped-payoff instruments, Multiply uses strict exposure control:
Market-Level Exposure Cap: Total outstanding notional across all users is capped at a fraction of hedgeable depth across both sides, ensuring unwindability even during stress.
Side-Level Caps (YES vs NO): YES and NO exposures have independent caps to avoid unbalanced books, preventing skewed risk profiles, degraded hedgeability, and situations where one leg becomes too thin to support exit liquidity.
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