Unified API Enabling Localized Markets
Kurush Dubash, CEO of Dome, on unified API for prediction markets
Localized markets mean prediction markets are likely to split the same way media and betting already do, with a few global liquidity hubs at the center and many regional operators around them. The biggest platforms win on broad categories like U.S. elections and major sports, but local operators win where context matters, like a Brazilian mayoral race, a domestic league match, or an industry specific event that a global venue would never list.
-
The product reason is simple, a market only works if enough people care about the question. Kalshi and Polymarket can concentrate liquidity around national politics and top sports, but niche regional events are too thin unless a local platform already has the audience, language, and distribution to seed trading.
-
This is exactly where an aggregator like Dome becomes useful. If the same election, match, or weather event appears on multiple venues, the hard part is recognizing that they are the same contract and routing orders across them. Research on cross platform event identity shows that without this matching, prices and liquidity stay fragmented by venue.
-
The likely market structure looks less like one winner takes all exchange and more like payments or crypto, a few large rails plus many local front ends. Recent launches by Robinhood, sportsbooks, and crypto exchanges show distribution owners want their own prediction product, even when underlying liquidity still sits with a smaller number of core venues.
The next phase is a stack with local demand at the edge and shared infrastructure underneath. Regional operators will package local events for their own users, while liquidity, compliance, and routing increasingly move into common backend layers. That makes prediction markets feel less like one website and more like an embedded financial primitive that shows up differently in each geography.