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q-fin.TR2026
Uniform-Loss Automated Market Making for Prediction Markets
Ciamac C. Moallemi, Dan Robinson, Brian Zhu
Automated market makers (AMMs) for prediction markets descend from market scoring rules, where a mechanism operator subsidizes a market to aggregate beliefs about uncertain events.…
q-fin.TR2024
Loss-Versus-Fair: Efficiency of Dutch Auctions on Blockchains
Ciamac C. Moallemi, Dan Robinson
Milionis et al.(2023) studied the rate at which automated market makers leak value to arbitrageurs when block times are discrete and follow a Poisson process, and where the risky a…
q-fin.TR2024
am-AMM: An Auction-Managed Automated Market Maker
Austin Adams, Ciamac C. Moallemi, Sara Reynolds +1
Automated market makers (AMMs) have emerged as the dominant market mechanism for trading on decentralized exchanges implemented on blockchains. This paper presents a single mechani…