Leverate has added a hybrid market-making engine to its white-label prediction markets platform, the latest move from a B2B technology vendor trying to carve out space in a sector where Kalshi, Polymarket and a growing list of broker tech rivals are all jostling for position.Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)Leverate Bolts LMSR Pricing Onto Order Book in Prediction Markets White-Label PushThe Israeli company said the new engine pairs Logarithmic Market Scoring Rule (LMSR) pricing, an automated market maker model originally devised for prediction markets by economist Robin Hanson, with a Central Limit Order Book for trade execution. LMSR is meant to keep prices coherent when there are few traders on either side of a contract, while the order book handles matching once liquidity arrives. Leverate is bundling both into a single system that ships inside its existing white-label stack."Prediction markets only work when traders trust the prices they see," said Yossi Tamir, Head of Business Development at Leverate, in a statement provided by the company. "The moment liquidity is shallow and prices move erratically, that trust is gone, and so are the traders. The Hybrid AMM engine we have built into our platform eliminates that risk before it can happen."According to the company, the setup distributes liquidity across multiple price points, recalculates fair value after every trade, and rebalances the grid in real time without broker intervention. Leverate also claims a protection layer absorbs large trades before they can move quoted prices and enforces capital limits automatically. Competition Heats Up Across the Broker Tech StackLeverate is far from alone in chasing this segment. Devexperts, the London-based maker of the DXtrade platform, launched its own prediction markets infrastructure for CFD brokers and prop firms in November 2025, built on top of its DXtrade and DXmatch matching engine. That product can be deployed as a full standalone event trading venue or as modular components plugged into a broker's existing systems, with automated contract creation, settlement, and deliberate latency controls for live sporting markets.Devexperts and Leverate are taking different routes to roughly the same destination. Devexperts leans on its established matching engine and lets brokers pick the pieces they want. Leverate is selling a tighter, more opinionated package, with the LMSR layer baked into the core rather than added on. Whether brokers prefer modularity or an out-of-the-box engine will likely shape how the early competitive picture settles out.Beyond the broker tech vendors, the dominant venues in the space are still the destination platforms themselves. Kalshi processed around $23.8 billion in volume during 2025 and reported monthly notional volume of roughly $8.1 billion as of late February, while Polymarket continues to push toward institutional features and recently tapped Palantir to detect cheating in its sports markets. KPMG, in a recent white paper, framed prediction markets as a strategic question for banks and brokers rather than an experimental sideline.Building on a February RolloutLeverate first opened its prediction markets platform to broker onboarding in February, when it unveiled the product at iFX EXPO Dubai 2026 and projected 15% to 25% incremental revenue for adopters through spreads, trading fees, and market creation. The company also cited an 85% monthly retention figure for traders on the platform, though that number was supplied by Leverate and not independently verified.Whatever the technical merits of any particular pricing engine, the bigger issue for brokers eyeing event contracts remains how regulators classify them. Kalshi has acknowledged that some of its event contracts "are structured as binary options," a product category banned in the European Union since 2018 over gambling concerns. Massachusetts courts ordered Kalshi to halt its sports contracts in the state earlier this year, and the CFTC has flagged insider trading risks in the wake of two enforcement cases involving KalshiEX traders.Leverate, like Devexperts, ships internal compliance tools but leaves regulatory classification, marketing rules, and jurisdictional decisions to the brokers themselves. For European-regulated firms in particular, the binary options question is not academic, and any white-label engine, however sophisticated its pricing logic, does not change which contracts a CySEC- or FCA-licensed broker can legally offer.The vendor's broader pitch sits inside a wider push by Leverate into adjacent product lines this year, including a managed MT4 and MT5 hosting service launched in March and a no-code algorithmic trading partnership with Level2 and Convrs in January. This article was written by Damian Chmiel at www.financemagnates.com.

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