Metavesco, Inc., a diversified holding company and developer of the OTCfi ecosystem, announced it will move directly into building the fully licensed, on-chain prediction market version of OTCfi Pulse, bypassing a previously planned sweepstakes-style beta phase. The company initially planned a beta to validate user engagement while evaluating regulatory pathways. However, with the rapid acceleration of prediction markets in traditional finance, Metavesco now believes the better path is to skip the beta phase entirely and build the licensed platform immediately.
This strategic shift is reinforced by rapidly growing mainstream acceptance of prediction markets. This week, Kalshi announced a $1 billion financing round at an estimated $11 billion valuation, signaling powerful institutional validation for the category. Ryan Schadel, CEO of Metavesco, commented that from the beginning, Pulse was envisioned as a licensed, on-chain prediction market for the OTC, with the sweepstakes model only a temporary idea for beta testing mechanics. As prediction markets gain traction and major platforms attract billion-dollar investments, it became obvious to skip beta and build the full platform now.
Schadel added that the company is fast-tracking development of Pulse and will pursue the required licensing to operate it responsibly. If executed correctly, Pulse has the potential to become one of the most transformative components of the OTCfi ecosystem. Metavesco believes an on-chain prediction market purpose-built for OTC equities could introduce new layers of transparency, sentiment analysis, and participation to a market segment that has historically lacked modern forecasting and engagement tools.
The importance of this development lies in its potential to modernize the OTC equity market, which often operates with less transparency and technological sophistication than major exchanges. By leveraging blockchain technology, specifically the Solana blockchain on which OTCfi is built, the platform aims to provide real-time sentiment data and forecasting tools that could enhance market efficiency and investor decision-making. This move aligns with broader financial industry trends where prediction markets are increasingly seen as valuable for price discovery and risk assessment.
For the industry, Metavesco's acceleration signals confidence in the regulatory and commercial viability of prediction markets for equities, potentially encouraging further innovation and investment in the space. For investors and market participants, a successful OTCfi Pulse platform could offer improved insights into OTC stock movements and company performance, aiding in more informed trading decisions. The company's filings and more information can be found on otcmarkets.com. A new preview video for Pulse is available at https://youtu.be/2rb4m9mcBjI.
