<?xml version="1.0" encoding="UTF-8"?><oembed><type>video</type><version>1.0</version><html>&lt;iframe src=&quot;https://www.loom.com/embed/6e7e47d2947445958dc1371d9096838b&quot; frameborder=&quot;0&quot; width=&quot;1114&quot; height=&quot;835&quot; webkitallowfullscreen mozallowfullscreen allowfullscreen&gt;&lt;/iframe&gt;</html><height>835</height><width>1114</width><provider_name>Loom</provider_name><provider_url>https://www.loom.com</provider_url><thumbnail_height>835</thumbnail_height><thumbnail_width>1114</thumbnail_width><thumbnail_url>https://cdn.loom.com/sessions/thumbnails/6e7e47d2947445958dc1371d9096838b-af10adf34d8f8fc9.gif</thumbnail_url><duration>178.137</duration><title>Permissionless Prediction Markets Unified AMM on Solana</title><description>This Loom explains Toptrade’s plan to fix structural arbitrage losses in prediction markets by moving from separate yes no order books to a unified multi outcome AMM. The speaker claims Polymarket has $20 billion monthly volume, projects $500 million annualized revenue after an April 3 introduction, and cites $40 million in 2024 arbitrage losses caused by probability gaps that do not sum to one. The proposed solution uses a single constant product invariant where sigma P equals one, with markets created in 60 seconds by staking 100 USDC on Solana, targeting 2 to 30 outcomes. A live market on Coliseum super team winners is running with 23 outcomes and $32,000 in volume, and the protocol is already cash flowing $2,000 per month.</description></oembed>